Ideally, you want to look for markets with a growing economy, diverse industries, and growing population that indicates strong rental demand.

Hey Derek, I deal with the same situation at one of my glamping sites near Houston.

I do think that having a contractor give you quotes is MUCH better, but often not completely practical or ideal either.

You can request a lien waiver from the GC, but you should ideally get a lien waiver from all subcontractors who worked on your project because each of them have the right to put a lien against the property if they weren’t paid for the completed work.

Additionally, they managed to refinance while the rates were at historical lows (and still somehow cashflow negative ik 😭), so any loan methods that involve changing those rates are not ideal.

Ideally, you know every cabinet placement, tile selection, etc when you meet the contractor for bids.  

Ideally, you'll go low LTV--40% on excellent locations and & great prices scaling down to 20% LTV to negate a worse bid & location.

.: Quote from @Theo Hicks: In ideal conditions:Pref equity receives higher ongoing distributions but no profits at saleCommon equity receives lower distribution and profit at sale (assuming their is cash flow left over after pref equity is paid and assuming their is profit at sale.In non-ideal conditionsPref equity may receive ongoing distributions less than pref, or no ongoing distributions at all, but the pref accrues.

Ideally, I'd like to find a balance between affordability and potential for appreciation.Also, are there any common pitfalls or things to watch out for when buying a multi-family property in Jersey City?

My property is fully renovated, furnished and ready for immediate occupancy, making it an ideal solution for families or individuals in need of temporary housing during their recovery process.I would greatly appreciate any insights, recommendations, or specific contacts that could help me effectively position this property in the disaster recovery housing market.I have one last question's lot of Insurance company stop writing policy in long island NY.