Although I did buy 37 doors in two props this fall  but its the first time i tried MF  and it was unique circumstances.   27 unit we bought for at least a million under market so turn around refi pull cash out and let me partner run it.. 

The financing will then dictate which markets are and aren't within your budget.

Plus, since 2013, the average annual rent growth and appreciation have been 8% and 10% respectively.In further discussions with this couple, they expressed their desire for both strong rental income and the tax benefits of investment real estate—advantages that are only available with properties in our target market segment.Additionally, their desired retirement home features and the characteristics of a good rental property were completely misaligned.

Market Appreciation is the least predictable, but historically, where you will make the most money.

As for your ques if to wait, well, it depends on the market, in some parts of the country prices are still going up, slower, but still going up, other parts the prices are coming down, you know that area, what is happening there? 

Usually turnkey operators suck the equity out of a deal and sell at or above market so there goes the equity. 

Where are the best markets to target in and/or near NJ in 2025?

However, if you inherit it through her estate, you receive a stepped-up basis to its fair market value at that time, reducing tax liability upon sale.Gifting it now has no immediate tax consequences unless its value exceeds the $18,000 annual gift tax exclusion (2024).

Well, yes, some properties may require complete work, but others may just need cosmetic things to bring them back on the market.

Happy to send over some resources on why Columbus is a great real estate market to invest in.