The key to success in real estate investing lies in thorough research, strategic planning, and a willingness to adapt to changing market conditions.

Casting a wide net and exploring all avenues in your area (especially at first) is key to success in the MTR space.

@Andrew West  Just be wary that one key downside of mulitple HELOCs used for investing is the IRS prohibits you from deducting the HELOC interest payments. https://www.realtor.com/advice...

Some insurance companies will not even write policies in Florida anymore.Your best deals will not be on Zillow or MLS and won't be a turn key property. 

See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.

I've done a few BRRRR's myself, and I can tell you the key is to buy well below market value.

If you have a small multifamily (let’s say 4-family apartment) that has a main common entry door into the building, are you supposed to change the lock whenever any tenant moves and then give all the tenants the new key?

Do you have access to private equity investors or/and key principles and co-sponsors with a track record?

This combination of affordability, economic stability, and location makes Parma compelling in my research.Taking a deeper dive into the rental market here, I thought this could be a unique investment opportunity because, despite a seemingly low occupancy rate of 23.90%, the rising rental rates highlight a robust demand for single-family homes (SFH), presenting a lucrative avenue for investors like us.The Key Growth Indicator: A significant uptick in SFH building permits during 2022 and 2023 screams a burgeoning market ripe for investment.Property Highlight: Zooming into the zipcode 44134, let's examine a promising investment with this single-family home.3104 Liggett Dr, Parma, OH 44134 On this property, I calculate an ARV estimated between $107,000 and $115,000.

Finding a great agent who understands investing is key in this instance.