Investment Info:Small multi-family (2-4 units) buy & hold investment.

Hi Jorge,It’s exciting that you’re considering a jump into 20+ units!

Duplex have different zoning that may permit additional units.

Hi @Travis Tamillo,I am soon to be active duty in the Marine Corps and am very impressed by the 13 units you were able to close in your first year! 

Here are some of its vitals:- Zestimate: $345K (I know this is typically 10% or so high)- Last Sold: 8/2021 for $281K- Roughly 1400 sqft- Some cosmetic work needed- $25K left on solar loan- The home was build in 2004 and it looks like it has the original AC unit, so I am assuming that needs to be replaced too. - 2 story house with very small rooms and and 2 steps down, imminently as you enter the front door.- Gated community and in a reasonable HOA. - The home is 2 payments behind and already got a letter from the lender about future foreclose.

Hi all,I'm looking for recommendations for a property manager for my 8-unit apartment building in Cullman, AL.

@Kyle Cross you claim to know a lot about the industry, but your questions are vague and so is the info you've provided.Not sure how managing 8 units doesn't, "require much management"?

I have Pricelabs for my other properties, this next move is for a 4-unit that may evolve into a 20+ unit.

@Joshua Piche with little experience, it's better that you invest locally vs OOS - unless you want to invest a LOT of time learning another market and networking with th right people.Locally, look for a 2-4 unit property that will qualify for FHA 203(k) financing. - This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

One of my units MAY be in an area that is going down hill, but I could absolutely be wrong.