Additionally, depreciation deductions on the multifamily property could offset a portion of your rental income, further enhancing returns.Key considerations:- Financing the multifamily: Would you go all-cash or use financing?

There is a difference between newbies trying to do creative financing deals and actually doing them.

@Shin Nishikawa Right now it is still difficult for foreigners to get financing from Japanese banks.

Where you would put in the mortgage the seller is financing.

Since i had capital and had access to my commercial banks for the best rates possible on vertical and horizontal loans..

If you are open to non-traditional methods of financing, you could use a debt service loan to bypass that requirement.

You'd also need to establish a budget, and secure a master insurance policy. i THINK you need to do these things before reaching out to your municipality to have it converted officially with the county or city but they would be the first ask for steps in order.i will add, this would make financing on these units a bit challenging, as in the mortgage world, at least initially, they would be considered "non-warrantable" condos.

Id go right into looking at local credit unions and small community banks for HELOCs (lines of credit) so you can have a lower blended rate and draw/payback as you please.For the 3F - Since this is free and clear, you would only be looking at 1st position options here in the world of financing.

I know this may sound simple and unorthodox, but I think you should try to BRRRR as much as possible.

Sometimes I think, well maybe that newby is an expert at draining swamps....or they have a helicopter to reach the landlocked property and want to practice aerial concrete and building material transport.There was a guy on here the other day, challenging me that he could not possibly go look at all the "deals" he was going to buy in Florida for 10c on the $1.