You may not need scale as much as efficiency.

pretty warm right now, biggest problem is most of our inventory has been bought so we are waiting on more multifamilies to hit the market.

Re-investing that cash will buy you a lot more top-line value, but your cash flow will take a hit for a while.

(So if you look at it that I bought it for $125K and it makes $1800, that hits the 1% rule. 

This successful deal highlighted our ability to act quickly and capitalize on market-ready opportunities, delivering impressive results with speed and efficiency.

., funding.Two final thoughts, I'm all for being efficient, but you should think about the opportunity cost of tying up your own money in a single rehab, vs. using it to fund another simultaneous deal.

If I had an MTR at hit 90% I would potentially raise depending on the market but likely keep as is. 

Prioritize properties with strong rental potential and set aside reserves to handle unexpected costs.Finally, familiarize yourself with tenant laws in your target market, especially in Portland, and consult a real estate-savvy CPA for tax efficiency and legal considerations.

This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.

You can pick up a duplex in decent condition in a C-class neighborhood and hit the 1% rule