Our portfolio has grown to 108+ homes across 4 markets totaling more than $40M in assets managed.

The loan can be called, but in the 45 years I have been doing this I can only recall a handful of cases and it usually was Credit Unions or private money lenders.  

MFR on the other hand tend to look much more attractive for buy and hold purposes. 

This is is a very good area and would actually live in 1 unit, so 3-4k negative cash flow for living expenses is ok, as any house w mortgage would cost that.https://docs.google.com/spreadsheets/d/1tfbjOlyVsGW3nHLVPk_R...Key questions/assumptions:- Total for this deal in cash is 300k, anything else (reserves, renovation loan etc) would need to be a bridge loan or hard money- 1 unit is vacant and current rents are VERY under market, projected rent is what seller gave as realistic.

This is not a total deal breaker, but am I little frustrated that sellers misrepresented 2 of the leases being annual until 8/31/2025.

Is there something totally off limits?

A paying bird in hand so to speak... as long as they're taking care of the unit and paying.

I’m established in my career and not looking to make RE my full time but I don’t have a ton of capital and I enjoy modeling and underwriting and being hands on with management so the passive/syndication route isn’t an option.

On the other hand I can't find a thing about Traceestate.com, i cant only find the website.

If you speak to a CPA who understands remotely what I mentioned then you're in good hands.