On market, $6,000 over ask offer and waived inspections due to the pristine condition of the building and garage.

It’s inspiring that you’re both already running your own businesses—it sounds like you have a great foundation to build on!

Also, without even looking at the plans a 7 unit building will likely have flawed floor plans and/ or an inefficient layout unless its an irregular site.

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

If you are trying to build your portfolio faster I'd probably go with the second scenario.

I'm seriously considering trying to find something there, but need to build up my knowledge and contacts of reputable agents and contractors etc.I'm interested in multi-family, STRs, commercial, self storage, and possibly even flips if the right opportunity came up.

Let's connect.This is a new one so still building, but I've had meetups and they are really good to learn and network.

Thank you @Jaycee Greene and @Hossein DaneshIn sum:- 42 apartment rental deal (land has potential to add 32 more on  two small building but that phase would be out of scope for this initial stage analysis).- Negotiated sales price $3.2 (seller financed)- 30% DP @ 7% / 20rs.

Yes I understand that possibility, that's why I try to build relationships with the builders that I work with so they know that I'm trying to get them a good deal and I know that I can trust them with any potential contracts.

A few of my clients are actively doing BRRRRs in Sacramento by going for duplexes, adding ADU's, splitting lots and building another SFH.