Based on that number of units I would expect much higher figures - did you buy these buildings all/mostly cash?

I am continuing to buy residential properties.

Think of it like buying an existing performing business.

Don’t Just Buy—Negotiate – Winning in real estate isn’t just about finding deals, it’s about structuring them right.

From what I’ve seen in Bloomberg, it also doesn’t hurt to keep tabs on any shifts in local buying trends.One more thing I’d consider is the exit strategy.

Buying a house near the comps would be a bad deal since they would be buying at a premium.

Buy a lot and build a house for sale in 2026.

I’d start with a smaller deal - buy a 6 to 12 unit say - raise money from your social and professional sphere - people who know you - who you have a beer with etc.

I buy and hold and do short term rentals and mid term rentals.Located in Racine Wisconsin  Hello Gabriel: I also live in Racine County there are some great deals our way and including southern milwaukee county too!   

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.