I'm really excited about the potential of investing in residential multifamily properties with my dad, who's willing to contribute the initial funds.We're currently working on getting our financial house in order, paying off debt, and building a solid nest egg.

Recently, Woodfin, which is just North of Asheville, under the leadership of some of the people that formerly lead Asheville's STR initiatives, adopted similar restrictions. 

Dropping your rental rate and remaining competitive in the market, will attract the right tenant based on your initial application and screening requirements.

Not sure if hard money would be the correct route to go for this one or notHey @Scott Allen I generally run the initial underwriting to minimize the developer's equity (@Shayan Sameer) based on the max LTV % or LTARV % that the handful of HMLs that quote me on my deals.

They ended up costing me a few grand, so much wasted time, and the terms are not even close to what they initially told me.

When including maintenance/cap ex, vacancy, pm, misc he will have little, and possibly negative, cash flow.if he invested almost $250k to add less than $150k of value (assume some of the current value came from the home appreciation), there is no cash flow until the initial negative equity position is recovered.  

We initially wanted to get a $190k house to fix&flip, which could've been a nightmare and was from HUDhomes...

If you can secure favorable terms now, the future development opportunities could offset any initial cash flow challenges.Communicate Flexibility: Approach the landlord with an open mind and emphasize that you’re willing to work with them to find a mutually beneficial solution.This isn’t a fantastical idea at all—it’s a creative opportunity that could work with the right approach.

The main reason is that it is not initially set up for a Real Estate business like other “real estate-specific” accounting software.

If the opposing part comes back with a different” number(s) or terms, I politely reject it and reiterate my initial and only offer.