Hi Shilpa,This deal shows strong potential, especially given the low purchase price of $41,000, which provided plenty of room for value creation through your renovations.

Many investors also appreciate the ability to use leverage in real estate deals.Real estate can be a strong strategy for preserving capital because of its tax advantages and growth potential.

Hey Srinivas, my recommendation is for you to do your research and look for areas/markets with strong rental demand and growth potential. 

Indianapolis, where I work, has a strong build-to-rent duplex market that’s perfect for investors looking for a mix of solid cash flow and appreciation.

Luckily, vacancy wouldn't be a problem as there is very strong rental demand where its located (Beacon, NY). 

Prepare your finances, including a strong credit score and a down payment.

A few things important to our team would be a strong screening/application process, tenant and team communication capabilities, and digital key/gate access integration. 

Hi Randy,The reason small apartment buildings haven’t seen the same price drops as larger properties comes down to a few key factors: 1031 exchange buyers inflating bids, strong demand for limited supply, and sellers holding firm on prices since they’re not under financial distress.

Terms for the seller 2nd have generally been 5%, interest only, 5 years.I'm only considering properties under this scenario that cashflow well immediately, hence the i/o payments, in addition to having a strong value-add element.

I hope you have a strong relationship and trust with this partner, or have some sort of lien against the property to protect your interest.