Back then looking at more deals would eventually get you a "quality" deal, today it will get you a deal in the hood.

Found the deal through my network.

I am a wholesaler, I live in Memphis but do most of my work in Nashville as a primary market and Texas, Oklahoma, Kansas, Arizona and anywhere else I can find a deal from networking for multifamily and land.

They will see a large pipeline of local deals, and they will buy some as rentals, flip others, and flip the contract (wholesale) a handful where it makes sense.

Sounds like a great deal overall, congrats Ghita! 

It takes a long time to find an off market deal.

The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) could also be a great strategy to recycle your capital.To find deals, try direct mail campaigns targeting absentee owners or distressed properties, or go driving for dollars in neighborhoods with strong rental potential.

I currently have a portfolio of SFH in Indiana and will always jump on a good deal for a SFH but I have been considering scaling up into multifamily commercial real estate (apartments, etc.)

This deal doesn't meet the 2% or 50% rule of thumb, but it has positive cash flow and is in a growing market, according to the latest 2024 Top 100 data from BP. 

Without a deep understanding of these elements, can you underwrite a deal via an algorithm ?