While this is regular due diligence, mistakes can be made when the market is hot and you have to move fast.

The location really caught our eye—close to Uptown Charlotte, which is always a hot area.

Multi family loans under $1,000,000 are certainly more difficult to obtain because they don't meet the minimums of most companies and most local banks aren't so welcoming to out of state investors. 

We were already well past the scheduled meet time so I didn't want to push.

I'd be happy to share some great local meet ups and also open to connecting.

Even my coach had no advice.4. peak partnership- I went to their 2024 meeting. 90% of people i talked to had never done a MF deal.

If it's tight or you're uncomfortable with the tenant you have in there from a confidence perspective, especially if this is a first deal, maybe meet in the middle and get a lender at 75% or 77% (doesn't HAVE to be at 5% increments) that wont make you season, and leave a bit more money in the deal, but sleep better.Overall, if I cash flow well, have/keep reserves, and am comfortable I fixed everything in the house, I like to max out the LTV on refi.

Decatur isnt exactly a hot spot.

I definitely recommend connecting with an STR community in the CO area, because it's great to meet other people doing the same thing and bounce ideas off of one another.

You can meet local investors by registering to attend real estate events in your area: https://www.biggerpockets.com/forums/521-events-and-happenings6.