Refinancing isn’t an option yet because of the way we purchased it (unless someone has a bank that will look at the deal differently) our original plan was to pay off our balloon in early 2027 when it is due which the bank will treat as a purchase and then we would wait until we are able to refinance so probably 2028 and then we could pull out a good chunk of equity at that time.

I'm not trying to insult you, but the terms "36-Unit Multi-Family" and "First Time Investor" should not go together.

General phone numbers are rarely answered and we are forced to communicate most times via email.The word of the day is patience. 

I believe it is always a good time to invest (sooner the better) and then, there's a better time to invest when all the conditions align, which I missed in 2019.

The truth is, a good host will spend time managing each rental.

Realtors typically pre-screen rental clients to make sure their time is not going to be wasted.

I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing optionsYou’re a first time investor going for 36 units… alone?

@Adriana Medina The burden of proof is not on you and time is not on your side. 

At this time I manage and renovate majority of all my units to keep cost low but most likely not the best use of my time although I'm skilled at it.

Look, we were for most part playing a game of American Football for a long time.