When you have studied your market properly you should be able to provide the answer of if single family or residential multifamily is better for cash flow. 1% rule was for a time when almost all deals were decent as a way to rule out the lessor deals and concentrate on the best deals.

@Anthony Sigala that "Rule" was created for mostly Class B properties BEFORE the Great RE Crash of 2008-2010.Values after the Crash dropped so much, that it could also be used for Class A rentals.Values are now more than their pre-crash highs, so the rule now only applies to Class B & C rentals.How are you identifying Class B & C submarkets in your area, so you can properly apply the rule to the right rentals?

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Happy Hunting!

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

I have looked at other coastal markets that are less expensive than Charleston proper.

Poor communicators, poor housekeeping skills, prescription med abuse, big dogs that they couldn't properly care for, damaging, etc.

The reason is that one wants to be able to properly avail themselves to the laws and protection of the corresponding state where the property lies.

If the Warranty Deed has been properly recorded, the court deems that, as "constructive notice".

Hi Matt and all,I’m a transplant (former military as well) with one apartment building in the N Hills and on the hunt for the next one.