While I'm well-versed in the Australian market, the U.S. market is completely new to me.

The residential lease market in Washington, DC, from January 2024 to January 2025 has experienced some changes:Units Listed: The number of units listed decreased by 78, a 15.92% decrease, from 490 to 412.Listed Median Price: The listed median price increased by $175, a 6.19% increase, from $2,825 to $3,000.Units Leased: The number of units leased decreased by 58, a 19.86% decrease, from 292 to 234.Sold Median Price: The sold median price increased by $100, a 3.51% increase, from $2,850 to $2,950.Summary: A decrease in units listed and leased indicates a reduction in supply and demand year over year.

You have to understand the market, neighborhoods, numbers, and realize the risks involved buying houses "sight-unseen".

Is this reasonable idea for this market?

See who is doing the most multifamily deals in the area and you may get some off-market/pre-listing opportunities.

So much so that I'm working with the PL team to help bring this to market :>)Please check out Property Llama and let me know what you think!!

Hi David, take as much time as you need to learn the Nashville market.  

Quote from @Andrew McArthur: Hi all, I'm from Toronto and been doing research into South Carolina's Multifamily market, specifically Greenville, Charleston, Columbia. 

Know your market cap rate and you can quickly determine whether property is worth a closer look. 

Quote from @Michael Ewers: Hey y'all, Wondering what is the best marketing strategy for obtaining off market leads?