The bullet in the response that is standing out to me is:"(7) The accessory dwelling shall not be a short-term residential rental, as defined by City Code section 3-2-152(a)(2), for a period exceeding 120 days per calendar year."

(I won't do them)The buyer can be facing "equity skimming" as defined by the law:Penalties of Equity SkimmingEquity Skimming is a type of Mortgage Fraud.

I’ve found myself particularly interested in multifamily properties, but I’m struggling to grasp what exactly defines a “good deal.”When evaluating listings, should I primarily focus on properties that seem undervalued?

In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”Under MACRS, depreciable assets are assigned to different classes, with each class having a specific recovery period.

While they can help refine your scope and provide recommendations, contractors are there to price the work you’ve defined, not to create the scope for you.Also, meeting them at the property can go a long way in building a solid working relationship.

Here are some Key Takeaways for You to Turn Your Multifamily Real Estate Dreams Into Reality:➡️Define personal goals.

@Erik Fredriksen How would you define "moving your real estate game up"?

You may not need "2 years of work history" either depending on the detailsGenerally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

I encourage you to define your financial goals, as real estate presents numerous possibilities.Building a strong foundation of knowledge and connections can significantly impact your success in real estate investing.

Be sure to define your goals clearly.