Doty II, and I’m excited to be joining this amazing community of real estate professionals and enthusiasts!

A DSCR of 1.25 or higher is usually required.Property Appraisal: A professional appraisal to determine the property's value and income potential.Business Plan: Lenders may require a detailed business plan outlining your strategy for managing and profiting from the property.Experience: Demonstrating your experience with smaller multifamily properties can be beneficial.

Hi Patrick - I would suggest to get the professional appraisal done.

Readers should seek professional advice.

However, in 2024, everyone who's selling online must have a professional website.

I've paid for professional photography before.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The commission paid greatly outweighs having to go back on the market and potentially getting less than you listed it for the first time.Some individual markets are better for this than others, but if you have an agent with a great strategy on the list side (professional photos, staging advice, etc) and you pair that with listing the property at a low price; you increase your chances dramatically of getting a bidding war and not only offsetting the commission but potentially making more than originally planned. 

A professional can ensure everything is done correctly and help you avoid any costly mistakes.

My mom is concerned and said she can hire a professional company to do more tests if necessary.