Hi Evan,If you do land on Indy and want any help crunching numbers and current rates.

And generally you will have to take a hefty discount trying to sell as a package.

Credit (loans) become much more difficult to obtain and if available you pay a MUCH higher interest rate with a much higher down payment requirement2.

to be clear - lots of other issues, lots of other challenges, and BRRRR is difficult right now with interest rates so high. 

prices are high, interest rates are high, there is tremendous demand for inventory, and - one thing that doesn't get mentioned enough - a record number of properties are debt free. 

Pittsburgh ranks #5 on Marcus & Millichap’s list of high-yield multifamily markets.Pittsburgh’s unemployment rate (4.7%) has dropped by 17.5% over the past 5 years.Pittsburgh is experiencing a demographic shift.

When I signed up with Gator, the first step is signing up with PCS to get LLC and things set up and I got a HUGE discount to use their services (another benefit of gator).

That will be a determining factor for where it makes sense for you to purchase.Regarding waiting - bear in mind a lot of people were predicting rates in 2024 would be in 5% range or low 6s, which didn't turn out to be the case.

Adjustable rate mortgage, 10% down.

I would count on having at least half market rate tenants, in the event Section 8 rents are higher than market, which they are in our market (granted you will need to subtract the utilities from the rent).