I was searching for a PPR Review within the last year and I think the most current one I could find was from 3 or 4 years ago.

My last deal was my first off market deal and when I contacted the sellers wife about the deposits she said that that was a given as part of a multi family sale and they’d write me a check at the closing as I requested because money was tight and I didn’t want a credit where I’d have to come up with the funds out of pocket later.

I’m used to seeing some inventory of MF in my area and only 1 4-plex has come on the market in the last 2 months.

One last thought, have you considered just selling to (or trying to partner with) a developer?

We've seen some unique things in the covid era 2020-2024 like high appreciation (that is not the norm), the low interest rates we had (prior to 2022), and the past year the stock market has done incredibly well (up 20% over the last year).

And most recently the last 3-4 years there were a lot of syndication discussions. 

Property taxes creep up, exterior repairs , and a brand new HVAC last year wiped out $11k of reserves.

I am the biggest fan of Bigger Pockets, and was so happy to attend BPcon in Cancun last year, and just signed up to attend BPcon in Las Vegas. 

Prior to my clients' closings (rental properties in 2 states) in the last 6 months, I worked with IPX to prepare for DST investments.

While Airdna estimated annual revenue at around $45K, I earned $90K last year.Follow these three steps to build a solid foundation before calculating your mortgage and expenses.