Quote from @Jacob Hrip: I have read this one years ago and it is a great book by a very successful guy in the space!

If you can find an MFDU in Asheville, that could be even better for cash flow, but I know inventory can be tight.

Sometimes diving into a new space can feel overwhelming, but it’s where the biggest growth happens. 

Where I see mistakes made in the note space are:1. companies turn into marketing and education - they lose focus on underwriting and managing their business.2.

If curious, here are the last two: Jan 2023: Multifamily Real Estate is At Risk of CrashingFeb 2024: Multifamily is at High Risk of Continuing It's Historic CrashI think that the title for my 2025 analysis (likely Jan/Feb publication will be something more like:Multifamily is Finally Going to Hit Rock Bottom in Q2/Q3 2025 - Get Ready to Buy a LOT of itAs usual, I like to publish my draft thoughts here to get input from key players in the space and these forums, especially folks like @Brian Burke, to see if I am missing any high level areas, before I get into the weeds and look at the data more deeply and regionally. 

I’d love to learn from anyone who has worked in this space or has insights into getting started.

I'm also working on upgrades for THE MTR Connect - better scheduling, automations, guest speakers, social media - all to help promote the collaborative and supportive space my colleague @Jamie Banks and I have created.

We used our own cash we had no private investors.The other critical part was that we negotiated a 3 year wind down if our bank did not renew this was critical in 09 it allowed for a semi organized wind down that most of us in the HML space were doing in 09 to 2011 with all of our defaulted loans..

In the description of your 1bedroom, 1 bath, you say that the space is a shared space.

With about a bazillion sqft of vacant space now, and the tax revenue of the previously occupied gone.