I have no idea what MTR or STR mean.

Ask me privately.Financial Highlights- Gross Potential Rent: $98,061 per month ($1,176,732 annually)- Total Income (5/1/2023-4/30/2024): $1,357,459.80- Net Operating Income: $896,896.09- Existing assumable loan: $6.7M at 5.38% fixed rate until 2029Value-Add Opportunity- Partially renovated property with potential for further upgrades- Current loss-to-lease suggests room for rent growth- Opportunity to implement operational efficienciesMarket Dynamics- Huntsville's population grew 9.4% between 2020 and 2023- Strong job growth, particularly in aerospace and defense sectors- Significant multifamily supply growth (15.9% inventory expansion in past year)Investment Strategy- Assume existing favorable financing- Implement value-add renovations to drive rent growth- Capitalize on Huntsville's robust economic expansion- Target hold period: 3-5 years to align with loan maturityRisks and Considerations- High market-wide vacancy rate (17%) due to recent supply growth- Potential for market softening due to rapid inventory expansion- Property age may require significant capital expendituresThis opportunity offers a blend of stable cash flow from the existing operations and upside potential through strategic improvements, all underpinned by Huntsville’s strong economic fundamentals.ⓘ This is not an offer, solicitation of an offer, to buy or sell securities.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Alamo REIA also hold events trying to connect individuals from different specialties within the real estate investing space.

The purchase documents are not GREC forms- they can be any forms - just like from any investor.The closing attorney holds the escrow deposit.

My feedback based on what I would do is hold the house. 

Are you planning to build, hold, or flip the land?

More people are choosing to rent as home prices rise, which means investors holding rentals are in a good position to capitalize on steady demand.One of the biggest shifts we’re seeing is the increase in inventory.

Investment Info:Condo buy & hold investment.

Investment Info:Single-family residence buy & hold investment.