We are wondering what to do next....multi family unit?

Owner occupied united increased by 8.4%"Still, although the overall share of households that rented decreased, the number of rented units increased by over a million units (43.3 million to 44.6 million)."

My first purchase was back in 2021 with a small little 8-unit Boutique Hotel in Florida.

I currently have my investment portfolio all in North Jersey and planning on purchasing a number of units in Syracuse.

I cannot assist w/ the acquisition of the property but do have an FHA product that is specific for home improvements.

You'll need something like 125 units netting $200 per door to get there, that's about 10 million worth of multifamily in today's money, so you'll need about 3 million in down payments.

I base my rents on the condition of the unit and the competition. 

This burnout led to me selling off my rentals, dissolving my business with family, and having my mother take over managing her own units.

I recommend you make a video of you entering the unit and documenting exactly how it is found.

If you have 1-4 unit residential that's already cash flowing I would go DSCR if you have a ratio of 1 or more.