It's real estate in markets with population growth, it's pretty hard to lose money if you get an inspection and appraisal.

Of those two, I actually like the first one better because you have a competitive advantage to that market and the amenities you could provide.

Even when the market is down, gradually adjust rents so tenants don’t experience a huge price shock later.

Purchase price: $175,000 Cash invested: $35,000Buyout property that needed significant upgrades to bring to rental market in 2022.

I'd be interested in any insight on the Sacramento market, esp. from investors in multifamily.

Depends on the market!

I'm in Phoenix and obviously you can see that there are so many people moving from the west coast states out here to a cheaper and better weather market.

Yeah, no pre-approval for us as well.

What is the market rent?

We bought a 55-unit last year in the same market, a market we've been investing in for seven years.How we found itOur property manager brought us this opportunity (and the three previous as well).