I really want to absorb as much as possible but only have about 70K in cash available, so I'd rely on financing, which I am no stranger to.

I’m ready to absorb as much knowledge as I can and am open to any advice or resources you all might have.Looking forward to connecting with you and growing in this amazing community!

About $250 to $300 per square foot, because it is small which drives the per sqft cost up absorbing kitchen, bathroom, plumbing, electrical, utilities, basement, roof and impact fees into a small footprint.

If your sale is something large enough to split then a transitional strategy of buying a modest NNN for cash and then leveraging on a single family home, or a DST to absorb your debt might be just the fit for you.

The payout on these loans buts contracts at a tricky place having to absorb some of the initial costs while waiting for the drawls to occur.

Also, multifamily (now down 30%) but wait 1-2 more years for massive new supply to be absorbed.

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually when rents are increasing or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

I also have caulked the seams on the inside of the cabinets to inhibit water from getting absorbed. 

Still, there are lenders who will qualify you even if your mortgage payment will not be fully absorbed by the projected rental income. 

The market absorbed 664 units in Q1 2024, a positive sign after negative absorption in the latter half of 2023.