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

approach it the same way you would interviewing a business partner because that is what you will be. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).I'm trying to determine the best approach for the 25% downpayment, comparing using cash that is currently sitting in a high yield savings account to funds from a HELOC on one of my properties.

Your approach here has definitely given me a lot to think about in terms of spotting hidden value.Curious, with the deferred maintenance challenges you faced, was there anything unexpected that came up during the rehab that you’d approach differently next time?

I think the safest approach would be offering the package at a certain price and excluding the alcohol.

I would keep detailed records of my deals to include photos that I could use later when I am approaching a potential funding partner.

A more intrusive approach would be to Google the owner name and see if you can find relatives and skip trace and call them.

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.