There’s a reason that big hedge funds still buy and hold houses.

I would use an experienced broker who can shop around and help you compare best terms on a National basis.

Does it need to be market rent and comparable to the other offices with tenants? 

Have you thought about your investment style-- buy and hold, fix and flip, househacking, passive investing, STR, something in between?

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

Investment Info:Condo buy & hold investment.First primary residence (2 bed/ 2 bath condo) located into a desirable part of Southern California.

Platforms like Zillow or Redfin can give you insight into comparable properties, and PropStream is great for deeper analysis like liens or ownership history. 

- Shane & Jen RegnierHey @Shane Regnier like Giuseppe said, it's become a little saturated in some areas of Ocala compared to 3-6 years ago.

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.

Hi Shea,It is a residential property and, yes, my strategy is buy and hold.