Areas on the outskirts or neighborhoods that are transitioning could be worth exploring, where you might find a better deal compared to the city center.Another option could be looking at multi-family properties, which can offer better cash flow than single-family homes.

What would be a good way to approach them to explore the possibility of purchasing?

Explore creative financing like seller financing or joint ventures.

To maintain control and avoid being locked into larger deals, consider directly owning replacement properties or exploring a partial 1031 exchange while carefully structuring syndication investments.This post does not create a CPA-Client relationship.

Or explore what BP has for calculators under the 'Tools' section.  

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If you need to cover utilities, the numbers tighten significantly, making a lower purchase price essential.Let me know if you have any further questions or want to explore these numbers in more detail—I’d be happy to help! 

Exploring alternative options, I inquired about a property that was listed for rent.

Areas near downtown Ventura or the college (Ventura College) are worth exploring for strong tenant demand.

With fluctuating interest rates, tighter lending criteria, and increased competition for properties, securing the right financing has become a key factor in closing deals and maximizing ROI.Are you exploring creative options like BRRRR, partnerships, or seller financing?