Executive SummaryThe multifamily real estate sector has experienced a sharp rise in distress rates, increasing from 2.6% to 8.4% over the past seven months.

We specialize in owning and operating (we are vertically integrated and manage our own properties) multifamily in markets that have good job growth and good population grown but are underserved and fly below the radar.After underwriting many deals in the North Carolina markets for almost 18 months we found an off-market deal that met our stringent underwriting criteria.

We're currently looking to purchase a property for <$500K so Phoenix is not a good fit necessarily for this first investment, but may consider increasing our target price for future purchases.

By keeping the rental income off your tax return, you can avoid increasing your PSLF payment while still benefiting from the investment through your wife's tax filing.

Good schools increase demand for an area.

By targeting key areas that would increase buyer interest without a full renovation, we significantly boosted the property’s value.

The city also enjoys consistent annual population growth and ongoing large business activity/investment.  

I'm in a few facebook groups with cabin owners in blue ridge and my neighborhood, and many are saying their bookings are way down year over year (some with no bookings at all), apparently due to the increase in short termrentals available.That being said, if you do buy something, I'd make sure it has some features that will set your cabin apart.

Inventory continues to increase and people are getting desperate to get out. 

Still need to clean it with regular household cleaning supplies, keep the dehumidifier running, and try to increase some air flow if possible.