Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Heck, I hand wash my dishes mostly at home anyway.I am targeting a February move-in.

I will throw this out there, but you do NOT need 40 doors to reach your financial targets (unless you're wanting a massive amount of monthly income). 

How many doors do you need to hit your target?  

Not only does it hurt the returns, it is a very attractive target for ambulance-chasing lawyers and title fraud.  

Target ReturnsWhile target returns are crucial, these should be discussed only with investors—not brokers or others helping you find deals.Sample Investment CriteriaHere’s an example of well-defined CCC:Location: Primary and secondary cities in the Southeast with population growth.Type & Class: Class C garden-style or walk-up workforce housing with repositioning opportunities.Age: 1980s construction or newer (case-by-case for older).Price: $5M–$12M, requiring $1.5M–$3M in funds.Size: 100+ units.Cap Rates: Market rates.Roof Type: Pitched roofs preferred.Value-Add: Opportunities for improvements or better management.Why This MattersBy creating crystal clear criteria, you:Avoid wasting time on deals that don’t align with your goals.Build trust with brokers and partners by demonstrating a focused investment strategy.Increase your chances of finding deals that meet your financial and operational objectives.I'll be posting each chapter as I go through them so you can follow along from my notes and we can discuss different strategies.

Real estate agents, property managers, and contractors who specialize in your target market can save you time and money in the long run.

Also this is in West Palm Beach targeted for families on vacation.

Is there any way to basically “lock in” the target building, or is there always going to be a risk that you won’t be able to find the right building within the 1031 timeframe?

As for my MTR listing, I have 100% occupancy on it but I have a very easy target MTR market of visiting scholars.