SizeConsider the number of units you’re targeting:Example: For Class C properties priced at $8M in a market where the per-unit cost averages $80K, you’d focus on properties with around 100 units.6.

A cash out refi should take 2-3 weeks with most lenders, and you should have only an appraisal a credit report fee as upfront costs. 

Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process

The seller will lose some rent, potentially incur costs to evict, possibly costs to clean out the units depending on your sales agreement.

What does it cost to buy a laundromat?

Additionally, have a clear budget, factoring in potential repair costs, and ensure you understand the rules about earnest money deposits and closing deadlines.LLC for Real Estate Investing: Forming an LLC for rental properties can offer liability protection and may provide tax advantages, though the tax benefits are non-existence for rentals.

DealMachine is a powerful tool for real estate investors, especially for finding off-market deals through driving for dollars.

Issues 1) even garage conversion ADUs in single family zoned areas typically cost more to build than the value that they add.  

The triplex is much more popular with traveling work crews for specialists in the trades and insurance relocations, so if we were to do it again, I would probably worry less about making each room it's own rentable space and save a little bit of those costs. 

Basis - $323K Debt $66K Liquidation Cost estimate 10% if he sells through broker - $66K.