There have been so many studies on rent control it's ridiculous.

Friends wanted to rent it and so we did and they always paid on time.

After purchase, did some renovation on the property.

Based on comps in that area we are thinking we can get around 100 apartment units total.  

would love to connect to see if i can be of any help on your journey

Bank Credit Line How did you add value to the deal?

You'll want to focus on securing a favorable financing deal at the refinance stage—ideally, you want to pull out as much of your initial investment as possible while keeping monthly payments manageable.A big consideration is understanding your after-repair value (ARV) and ensuring the rehab costs add value in proportion to that.

The dirt is worth about 450k because of the amount of units you can put on it.  

Phoenix has a pretty diverse market, and while there’s no official A/B/C/D breakdown map, you can generally categorize areas based on price points, rental demand, and appreciation potential.For BRRRR, you’ll want to focus on places where you can still find properties at a reasonable price, add value through renovations, and get solid rental returns.

On the potential tenants website there is usually a real estate department.