Older multifamily properties, like the one you’re considering from 1920, can be solid investments, but there are key areas to assess carefully.

To see if this strategy is worth it, focus on key areas like depreciation (standard or using cost segregation for bigger upfront deductions), mortgage interest, and typical expenses like management, repairs, and taxes.

I'm also planning to insert myself in the market and try to find an Airbnb in two or three key areas to get a better idea of the area during the day/night.

By targeting key areas that would increase buyer interest without a full renovation, we significantly boosted the property’s value.

(Note its typically reduced by the percentage, so as an example if you pay 90% - $90k for a $100k loan, and the UPB was reduced by $1,000 - you get a $900 deduction not the full $1,000).But let's take a deeper dive into a LSA and some of the key areas - Specifically the section called "Representations, Warranties & Convenants" For both the buyer and seller. 

You really broke it down into the key areas that make or break a solid real estate strategy.

By upgrading key areas and improving curb appeal, we significantly increased the property's market value.

Hello BP forum,  I am interested in investing in the US generally and would like to build a medium to large rental portfolio,  are there any key areas I should be looking at or should stay away from? 

We were curious if anyone here had guidance on the market in terms of zip codes on the rise/or key areas developments we should take a look into?

By offering them control over key areas of management, you're giving them the reins to drive profitability, while you focus on gaining invaluable experience and building your own capabilities.It's a win-win situation - they get reassurance about the property's profitability and you get the benefit of their experience to hone your skills.Keep pushing forward and best of luck on your journey!