Two 10 Unit Mutifamily Available in Birmingham Al. 90% and 100% Occupied...Direct to owner..

I ran your numbers in my own deal analyzer that I use for my clients that I want to share with you. 

I'm curious, what worked for you when acquiring your first two deals? 

When maintenance is scheduled, we send out a reminder, and if they won't be home, they can easily authorize entry.Sometimes, our contractors will contact tenants directly to arrange the most convenient dates and times for visits.

I am a GP on one of their deals.

There's also no Personal Property coverage, which is not a deal breaker to me.

Let’s look at the data.How many mailers, calls, or texts do you need to send to land a single deal?

This isn't easy to measure directly.

It’s good to budget for unforeseen expenses.Regarding PMI, it’s worth discussing directly with your loan servicer since many lenders require holding the property for a period or reaching specific equity thresholds before removal.If market rents are $2,200–$2,500, hiring a property manager could help you optimize rent while taking the burden of tenant screening off your plate.

this is a direct relation to lack of inventory.. new construction on many markets is as robust as its ever been.. we have had spectacular years the last 3 years of course during covid was tough with supply chains but my 500k house I am now selling for 700k and my build cost have gone up by maybe 100k.. so record profits for us..