Quote from @Daniel Rabinov: I’m new to REI currently looking to acquire multifamily properties in the North Miami Beach, Aventura, and Hollywood areas that meet the following criteria:Price per Unit: Maximum $250,000 (4 PLEX MAX 1M)Cap Rate: 7.5% or higher as-is not pro formaValue-Add Potential: Properties that offer the opportunity to renovate, improve, and increase rents or overall property value.My focus is on underperforming properties with strong fundamentals that are located in these markets.

Hey Devin, They can definitely be overwhelming, but they’re crucial for making informed decisions in real estate.As a hard money lender, I often focus on a few key metrics when analyzing deals:ROI (Return on Investment): This is fundamental for assessing the overall profitability of a deal.

Focus on the fundamentals of the real estate and stop chasing an arbitrary door count.

Feel free to share what’s most important to you and any other factors that influence your decision-making process.Hey Jeff,I think fundamentally it is finding a group that says 'yes'.

A common mistake I observe are investors focused on unit count rather than the fundamentals of the underlying real estate that's being bought.

Lots of people think that STR is just instant cashflow, but it is fundamentally a different business model.

Posters will chime in on recommended strategy but real estate is extremely localized and the fundamentals of the real estate in any given market are what should be dictating your investment strategy not arbitrarily deciding to buy single family homes vs. duplexes. 

Fundamentally the point I was trying to get across in my original post wasn’t about my due diligence, its that the cost of known and unknown repairs when you first acquire a REI is way higher than people seem to anticipate.The way my tax person explained it is the 25K limit you’re talking about is the limit to losses you can claim per property per year, I haven’t hit that for any property individually so it works out.

It looks like they are taking cues from recent regulations implemented in Arlington, TX.That being said, the success of short-term rentals (STRs) boils down to fundamental factors such as location, pricing, and execution.

To the housing providers in Pomona ...how can we teach the Mayor & City Council of Pomona about the economics of and business fundamentals of providing our products to the market (housing)?