I’m sourcing carefully and trying to approach it methodically, especially with the added layer of investing out of state.It’s good to hear advice from someone with experience.

Early in my ownership, a neighboring property owner approached me about purchasing a 6-acre sliver of my land that was undeveloped.

Curious.. do you think you’ll try a different approach next time, or stick to this model to keep the momentum going?

@Jake Baker Love the approach of measuring the total offers that you send, if you know your strategy most of the time it is a numbers game no matter the condition of the market. 

Currently, we are targeting multifamily properties of 100+ units, and have been actively engaging with various owners and brokers, submitting Letters of Intent (LOIs) and working to secure deals.While some may consider our approach bold for new investors, we are confident that, with the right team and expertise, we can succeed in achieving our objectives.I’m excited to be part of this community and look forward to learning from your collective experience.

With this approach you are able to cashflow as soon as the property is full.Best of luck.

@Mitchell RosenbergAnother approach is the elimination method.

As active realtor, and investor I get a lot of people approaching me who want to invest. 

@Kash Tacke I'm a big fan of ADU's in general especially here in the mid west, yes you could potentially be on the front of the wave, but housing density is the solution to the affordability issue, anytime you are investing with affordability in mind is a great strategy to me, and sound like there are some incentives or at least supporting winds form the local city, that in itself seems like it would be worth at least approaching an architect or contractor to bid up some plans or concepts to take tot he city.  

Have you thought about this approach or considered a phased plan to build up your portfolio?