If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

What is the best strategy in your opinion to niche down on a target audience in any given market?

I would say it could be done, just need to have the following:#1 - Have great overall knowledge of that market, and better than agents.#2 - Learn how to run comps so you know the value of the property better than anyone. #3 - Have finances in order (i.e) is this going to be bought through conventional, cash, HML, etc.

Market rent is $1400-1500 for each unit.

Give them all a call and see if they are willing to sell and if not are they in the market to buy.

Amid surging demand for apartments, the US rental market is contending with the largest supply of new units in four decades.

Quote from @Brandon Croucier: That’s a killer loan if they are actually offering that.Seems extremely below market value as even primary mortgages are higher than this right now.I would beware of a bait & switch on this. 

Each year, new design trends enter the market, and some others exit.

At the time, we were new to the market and, admittedly, didn’t conduct thorough due diligence before buying.We purchased a property in the Atlanta area, renovated it, and listed it for sale.

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party.