I'd recommend pushing density to 3 or 4 they all finance the same. we picked 3 because of the 35' height allowance in our area. here is a rendering to help paint the picture. our target appraisal value is 550k on the first few and pushing them to more than 600k as we sell some or keep them but if you are the only one building multifamily it's important to highlight the importance of appraisal and selling or disposing of some assets to create comparable to be used. our market has very little 2-4 units built because of economies of scale we are the only builder doing this style and we control the full process and it is a high barrier to entry where we are at. we are able to build at a lower cost now than almost buying a duplex because they are so small. each one is 668 sq ft total of 2004 sq ft. 

What type of properties are you targeting single family homes, condominiums, townhomes, what city and county?

If you made $100k in 2020, $150k in 2021, and $200k in 2022 can you go ahead and pencil in you'll on average make $150 k in 2023, and your target is $250k? 

I target returns of more than 15% which is unlikely in my market with negative cash flow.

Quote from @Travis Biziorek: Quote from @Quinton Thomas:  Thats my target range is between 70-100k range, but when I would do flips it would be 100-150k range due to their limits.

Still in the process of researching Buffalo neighborhoods to find a viable target area. 

Do you have a target ROR, loan amount and state you are looking for?

I like it better than traditional mailers because of the photograph of the house you are targeting. 

Cheers,Brittany There are some Facebook groups targeted towards traveling nurses that Id post in

When sifting through these deals, or structuring your own... you want to target properties that are in rentable, move-in condition already.