Tying up a distressed sellers property then not producing any results for them can lead to the property being foreclosed on and the seller being seriously hurt financially. 

. - Even if it takes me 6 months to find a tenant at $25/sqft + NNNs, I would still generate more NOI in year 1 than on a multifamily property with similar square footage.

You’re right, though, that you’re unlikely to generate much cash flow, if at all, if you invest in your home state.One option would be to look out of state.

Plus, the relationship-based nature of private lending can lead to more long-term, win-win partnerships.Banks definitely have their place for more traditional loans, but for many investors, the convenience of private lending outweighs the higher rates—especially when time is money!

Since the interest rate is already high, adding to it won’t drastically change your overall costs and will free up the liquidity you need for the new investment without affecting the low-rate financing on your multifamily property.Using the hard money loan to close on the new property could work well, especially if the property generates the $6,000/month you expect.

However, it's nicer as you don't have to deal with lead certification laws that are all wonky and poorly enforced.

With interest rates where you are, does that $100k purchase with $800 rent generate positive cashflow or does it take nearly $1000 to generate some cashflow?

I never trust people that lead with any type of religion.

Hi everyone, I'm new here and am starting to build another income stream by generating motivated seller leads.

Long-term rentals offer diversification, learning experience, and lower returns but may generate lower returns.