My partner and I have a couple units we manage as well in Washington DC.

Quote from @Kyle Harris: I'm a new investor and looking to learn as much as I can this year and hopefully make a purchase on a multifamily unit by the end of 2025.

Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.

This month's Units magazine from the National Apartment Association has a good piece on fraud detection.  

April is the only real low month.It's a funky place -- essentially a 5 room motel (originally built 1959) with a manager's unit (built 1984) tacked onto it. 

What if you have an apartment complex with 20 units?

There is quite a few forums that already discuss this topic, but buying 1-4 units in an LLC with a DSCR loan also comes with higher rates at the cost of using an LLC

You can always do a two unit duplex for rentals that have two floors. 1 floor per unit.

We currently have six rental units (single and multi family) and one flip under our belt.

Don't be afraid to ask them why they don't want to apply.When I'm having pricing discussions with owners I work with, I always remind them: a month of vacancy costs your bottom line more than a unit filled with a rent reduction.