This is especially true for investors in large Texas and Florida markets, with Austin, TX, perhaps being the worst positioned market for 2025 in the country.

If you’re in the position to buy multiple deals because this nursing home may get properties frequently.

I'm thinking along the lines of $30k of equity, so sell me the house at $280k.

@Matthew DrouinThe one I'm looking at right now is a smaller 8-unit project - only around a $100-125k equity raise + loan guarantee.

Money is...important, but it's also a way to make a positive difference in people's lives. 

We already paid them a pretty sizeable entry fee ($30k) to cover some of their equity and debt in another project.

Hennepin County, No. 22-166, Slip Op. at 14 (May 25, 2023) ruled property owners can reclaim any surplus equity resulting from a tax sale.

Also, do you plan on putting a certain % of the equity into the deal or will your LP put in 100%?

Hi Jasmine-Congratulations on being ready to turn your primary residence into a rental.Your question is should you use a property manager or self-manage your property.If there is enough positive cashflow or you can afford to pay a property manager, I always recommend doing so for the following reasons:1.

Emphasize that your offer is competitive and you’re ready to move now, or set a reasonable deadline for the offer to ensure the seller knows you’re serious.Use Comparables StrategicallyHave data on hand to support your position.