Hi- I just got a notice of non-renewal from State Farm insurance for my 6 unit apt complex in Long Beach.

This is for a LTR in a nice area (A-/B+ area (pt Loma), but B unit due to MF).  

So I looked for a large MF portfolio in Columbus, OH and found this 48 unit package: https://www.realtor.com/realestateandhomes-detail/299-Mayfai...?

what would you think of a 14,600sqft 3 unit property in sailboat bend, off market, that is RMM25 zoned and has a nice single family and duplex behind it, half of the lot if empty so it can be developed or RV/trailer parking, for $1.1M?

I bought 15 unit and have slowly crept up to 40-50 units. 

The modeling of this is actually pretty easy (see link: 42-unit proforma sample), but my model treats the pre-refi loan as I/O, but that can be updated based on your deal.

It's all in how conservative you are in your approach to underwriting your deals.Even when a Seller says they've improved the property, the tenants are still tenants and do damage to brand new improved units. 

Investment Info:Large multi-family (5+ units) buy & hold investment.

Our focus is on mid market 50-100 unit's but happy to help.

@Arlinda RexhoWhen considering a 32-64 unit multifamily property in Texas, focus on strong locations with population growth, proximity to amenities, and low crime rates.