I am a property manager as well as a broker specializing in acquisitions out of Tampa FL. 

However, for the last 5 years, we almost never went into an acquisition/disposition with that strategy as the goal.

The slowdown allows more time for due diligence, property acquisition, and long-term planning.

@Tar-U-Way Bright, as noted above, title would be held in your name since you'd be utilizing a primarily home loan product to finance your acquisition.

With 20 years in wholesaling, I’ve seen it’s often best to focus on either acquisitions or dispositions when starting out—it helps you build expertise faster.

You have a “full” package including property(s) identified, acquisitions under contract, appraisals performed by MAI appraisers, historical financial statements, pro forma projections, surveys, title reports, feasibility studies3.

Invest with syndicators who have a narrow niche and proven track record.For example, if an operator has done 5 or 6 workforce housing value add deals in Dallas, and they are offering a similar deal now, that would be encouraging.if however, their current deal was a brand new luxury Class A building in Charlotte and this was their first acquisition in Charlotte and their first class A deal, as an LP I would pass.Find operators who do one thing and kill it in that space.Find operators who own or have gone full cycle with similar assets in the same market.For example, my firm, Spark Investment Group has a very narrow niche - sub 100 unit MF or BTR in Greenville SC.

Congrats on the acquisition

Today there stands a general consensus of many stacking up "dry powder" in preparation for what's anticipated as a "good season" for MFH acquisitions, presented by a unique culmination of factors.

I’m not from the US and currently live in Europe most of the time.I’ve found some apartments that could work well for my needs—I plan to rent them out on Airbnb and reserve a few nights for myself when I travel there for work.My question is: apart from the purchase price (I’ve seen listings on Zillow averaging around $150k in areas like downtown Dallas, Old East, and Plano), what other costs should I expect—both during the acquisition and in monthly payments?