I had a friend in San Antonio who learned this the hard way.

Hello folks, I am the landlord for a property, and the tenants are three friends who share a single lease.

Last I heard from a friend of a Guru, greater than 95% of those pay $40K plus for these plans, never even open the materials. 

Lots of friends (owning competing businesses) had to go through Bankruptcy recently due to the small market shift that occurred, just bought at the peak and were too hopeful in the market continuing upward.

Ex: Sell 3 properties for $500K each and purchase one larger MF for at least $1.5M2.

While there are repurchase agreements on secondary market loans,if the bank does buy it back then they would hold it.Another reason not to sell to Joe, Bob and Joe are friends, Bob gets his note called, Bob calls Joe to be a straw man, Joe approaches the bank to buy and the bank agrees to a discount.

Software: Stessa for accounting, Deal Check for quick and dirty analysis of potential purchasesMarket positioning: Pet-friendly (fenced-yard, accept dogs and cats), well-designed homes, off-street parking, suburban, full cable TV package (not streaming only)Pricing: Targeting upper-middle market (not budget-conscious guests)So far, so good (since 2020)

I’ve worked with investors in similar markets (Providence and neighboring areas) and have seen first-hand how house hacking can be a game-changer.. even in today’s fluctuating market.A friend of mine recently purchased a three-unit property in New Bedford, MA, just a stone’s throw from where you’re looking.

Hello  @Thomas Sheehan,If your goal is to invest in an apartment where you don't have to concern yourself with maintenance and cap Ex, this deal (or perhaps another with similar rents and lower price) could make sense.The downside to deals like this is that your rents could eventually hit a ceiling as newer apartments (some with more amenities) become available.

There should be an automatic double-lifetime BP ban for the offender, as well as anyone who responds to the thread—and maybe their entire family and all friends.