To prepare, start networking with investor-friendly agents, analyze local rental markets, and get familiar with financing options for multifamily properties.Good luck!

Also would like to know of any local credit unions with portfolio lending options.

Ideally, the best option from a financial point of view would be to go through a local community bank.

Another option is a DSCR loan where some lenders have shorter seasoning or waiting periods- I've seen some that are three months which can make a big difference for an investor getting cash out of a deal and using it on a new project.More info on DSCR loans: DSCR loans won't use your income to underwrite the loan.

Missing a lot of facts here but sounds like based on where you're at you don't have many options:1.

Also, contacting neighbors is not standard practive for PMCs, so how much extra are you willing to pay your PMC to do this?

For example, I will send a tenant the lease renewal options and give them one week to respond.

Quote from @Devin James: Quote from @Scott Mac: Maybe the infrastructure, electrical grid, water sewer, pavement thickness on the roads, cannot handle the extra people in the area.

While it might feel like an extra charge to tenants, these packages often provide value that indirectly benefits the property owner as well—like reduced maintenance calls or ensuring the property is better protected.In my experience managing a large portfolio of properties, these fees are becoming more common due to the thin margins in property management.

If you're both in and this is your best option, go for it.On the other hand, looking into multifamily buy & hold properties could yield similar results with less hassle.