Keep in mind the potential for higher renovation costs due to older properties and the local landlord-tenant laws.Good luck! 

thanks for your time and help rent to retirement works directly with build to rent developers like us around the country once they are framed up. you are buying properties pretty much at market value but with a hand holding. you can work directly with a builder or directly with them. they are just an intermediary. they take 5% on what we make as a builder but have a large list of investors and a systemized approach to selling new builds. if you want to get a better deal I'd recommend directly contacting builders and building it yourself. fly to the market. spend 2 days, tour new builds, get a feeling for how it's going. if your builder isn't building multiple at a time then I wouldn't recommend working with them. rent to retirement is a well oiled and well run machine. they've had their ups and downs with dozens of transactions in florida but modified their process. they are well known and established and transparent. if you have a more specific market and feel confident in your ability to vet deals try it out. happy to talk more my info is in my signature. we work directly with them to sell new builds and no organization is perfect but I have good things to say about them as a builder and potential build to rent developer that sells build to rent triplexes and single family homes through them to end buyers in California like the Bay Area, Los Angeles, and San Diego 

Reached out to owner of neighboring property How did you finance this deal?

Reach out to Lisa Loesel at Short & Suite Management here in Milwaukee. 

Researching local job markets, schools, and even infrastructure projects can provide insight into potential appreciation and cash flow.You might want to explore markets in the Midwest or South, which often have lower entry points and better cash flow potential compared to California.

You might get transferred a couple times until you reach the right person.

Reach out—I’d love to help!

I'm interested in investing in multi unit properties and potentially get into house hacking.

Large down payments or extreme discounts from sellers would be needed to reach cash flow neutral stages. 

Hi Michael, we're a national lender, so if you need financing in either locale, feel free to reach out!