You’re absolutely right about the market potentially shifting, and this is where those who are ready to act and think creatively win big.

Did you know the seller previously or did you have to build a rapport with them in order to do this?

Even if I am to not be taking home the lion's share of initial deals, I'd like to still be building some capital for future dealings.

Reality is most of us who make it long term work our butts off in a W2, save as much as possible and build it over time -- When I see people want 10 properties in one year with no money down - I question how realistic that is, of course anything can be done but is that even the right play unless your sitting on $2-$3M in cash?

I went from a W2 job to building a portfolio of 500+ units over the last 5 years by starting small and scaling smart.

Quote from @Miguel Del Mazo: Knowing more about the area, it sounds like you'll have an ideal avatar of wealthy, young and trendy professionals that aren't ready for or looking for a home to own.

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

I'm a new investor (we are under contract for our first rental property)!
We really took the bull by the horns on this one and patched our way through 😅 but I would LOVE some recommendations for a Tax Specialist, lend...

Wealth Building: Paying off the first STR focuses on cash flow and financial security, while buying another property focuses on scaling and wealth building.

There is no way I can build this and come out overall profitable.