Based on a 2/2 Air DNA projections it looks like the area is getting 55% annual occupancy, with expected rental income around $39,619.4.

Known for its strong foundation in STEM jobs, the market continues to experience positive economic growth, projected to drive further property appreciation.

Ensure that the projected rental income from the multifamily property comfortably covers these expenses, along with any potential vacancies or maintenance costs.Interest Rates and Terms HELOCs often have variable interest rates.

I’m excited to hear how the project turns out, and if you need any advice on financing for future flips or strategies to improve cash flow, feel free to reach out.

@Jason Fitzwater for me, it was personal use (limited) and the ability to go up on a weekend and tackle smaller projects.

Those are the biggest things that will protect while you are getting started on this project

My project in Oregon which is a move up product 700 to 1` mil  I am selling them pre sale  NO incentives and sold as many as I could build this year.. and same for the last two years..

Hi Rocky,It sounds like you've already made great strides in your real estate investing journey, with some diverse projects under your belt.

@Daniel Brundige Seems a big project if you are starting out, usually people start with smaller ones to get to know the contractors work  etc

Best of luck on your next project!