Are there any potential risks or downsides I should keep in mind before proceeding?

But keep in mind, the top of their list is going to be people that they’ve worked with in the past and probably closed deals with.

In my experience, being around growth like minded individuals is what has allowed me to grow the most.

After spending the past two years learning the ins and outs of underwriting and analyzing deals, I’m ready to take the next step and acquire my first multifamily property (20+ units).I’m looking to connect with like-minded investors who are interested in partnering on this journey.

If they change their mind, I put the property back on the market and look for a new tenant.

Keep in mind if there are economic shifts that you are seeing, so is everyone else, so you may have missed the boat.   

In addition to the issues with debt costs, the properties don't seem to be functioning in a manner that will lead to profitability or even break even.

This is on my mind for maybe a 5 year plan.Mike

Since you have scaling in mind, the larger properties will better suit your needs, IMO.Happy to connect and chat more if you'd like.

I look forward to learning and scaling with like minded people!