After talking to my guests and understanding their needs, I shifted my approach.

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

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

The slow and steady approach is fine for this property but it feels like a waste to sit on a low performing asset and assuming rent increase is a strong enough lever to pull on for FI.

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. 

@Mitchell RosenbergAnother approach is the elimination method.

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.

@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.