but working with someone who is local to your market, who can show you their legal documents that they have used, introduce you to a proper title/attorney office for drafting documents...I mean, nothing is foolproof...but that route will have a significantly higher success rate. 

Multifamily properties do require more management overall and typically appeal to a smaller, investor-focused buyer pool.At the end of the day, you can be successful in both asset classes and they go hand-in-hand.

We're limited in what we can post in the BP forums and on our website because of regulations and NDA agreements.Continued success!

I’d prefer to buy as large of a MF property as possible because of economies of scale and having to complete less transactions, but I haven’t closed or underwritten a deal that large before.

How can you possibly believe this based on your own experiences thus far in the transaction and what others, particularly what Drew who has experience in this market has told you?  

Congratulations on the successful purchase.

Birddogging is to wholesalers/investors like getting your real estate license is to someone who thinks they can do it part-time. 99% aren't going to do the work it takes to get the momentum you need to be successful.

I'm sure there must be someone in your network that is successful in this.

Identifying the right market can make a huge difference in the success of this strategy.Curious to hear...are you planning to manage the property yourself, or are you considering hiring someone local? 

Appreciate if anyone can provide a rundown of costs to expect with this type of transaction?