If OP can lever-up while maintaining adequate reserves, he will be in better position than buying with heavy cash position.  

Is this reasonable idea for this market?

I found this deal off market; it was my girlfriend at the time's uncle who owned it, and we pitched him the idea of buying it from him.

I have quite a few off market Raytown deals available as well. happy to chat anytime

MikeI find most multi family deals in C areas that are in the verge of gentrifying or in tertiary markets like you are looking at!

(The exception would be the rare deal where the property changes hand for a price far below real market value).The sub to or wrap adds a certain degree of ADDITIONAL risk of failure.  

Right now I am focusing on building a strong buyers list before I really hit the ground running on marketing for sellers.

They can give you insights on specific neighborhoods and current market trends. 

The residential lease market in Arlington County, VA, from January 2024 to January 2025 has experienced some changes:- Units Listed: The number of units listed decreased by 1, a 0.64% decrease, from 157 to 156.- Listed Median Price: The listed median price increased by $75, a 2.78% increase, from $2,700 to $2,775.- Units Leased: The number of units leased increased by 9, a 6.67% increase, from 135 to 144.- Sold Median Price: The sold median price increased by $75, a 2.68% increase, from $2,800 to $2,875.A slight decrease in units listed indicates a minor reduction in supply year over year, while an increase in units leased suggests a rise in demand.

Quote from @Andrew McArthur: Hi all, I'm from Toronto and been doing research into South Carolina's Multifamily market, specifically Greenville, Charleston, Columbia.