What about asking if the seller is motivated/interested to sell?

The downpayment is 25%, with the seller financing 60% of that and me covering the remaining 40%.

Ask them about the condition of the home, whats motivating them to make the move, etc.

The downpayment is 25%, with the seller financing 60% of that and me covering the remaining 40%.

. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).The remaining $50k from the HELOC could go into fixing/rehab of the 12-units.Then cash-refinance the larger amount from the 12-units to pay off the HELOC in one lump-sum (as much as possible), then using the cash flow from the apartment to pay off the rest of the HELOC.Repeat the process with a new apartment.1) Does this make sense?

Returns remain down, and cashflow opportunities are harder to come by.

I'm only into year 6 of the depreciations.Have I just lost the remaining deprecation years for the flooring? 

Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)

For example, if your lease expires 12/31 how many people are actually going to be motivated enough to move after the holiday season and in the midst of winter?

By reading the article makes sense also I can understand the motivation of the article as it was in 2021 when things were crazy.