we are doing similar but hotel / extended stay valuations are almost double apartments.

TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition

Other good strategies, are targeting tired landlords (absentee, owned 10+ years) or drive around and find distressed properties, and call the owner from the records you find on TruePeopleSearch.comAnother method if you want to stay on market would be to send offers that are well under asking price for properties listed 60 days or more.  

So, I'd probably lean towards you staying where you are and look for rentals to buy with the $100k as a down payment.

Hope everyone is staying indoors and healthy!

Definitely stay away from the guru/seminars crowd and stick with the organic communities like BP and local free meetups.

Hey @Spencer Cuello, like my buds said, stay away from that.

If you stay in one market for multiple investments it may take you a bit to find this particular inspector.

I am on fire to get going, and to stay on track with my plan I will have to buy minimum 1 property this year.  

When you learn the business after a year or two you can either go out on your own or stay with them.