If curious, here are the last two: Jan 2023: Multifamily Real Estate is At Risk of CrashingFeb 2024: Multifamily is at High Risk of Continuing It's Historic CrashI think that the title for my 2025 analysis (likely Jan/Feb publication will be something more like:Multifamily is Finally Going to Hit Rock Bottom in Q2/Q3 2025 - Get Ready to Buy a LOT of itAs usual, I like to publish my draft thoughts here to get input from key players in the space and these forums, especially folks like @Brian Burke, to see if I am missing any high level areas, before I get into the weeds and look at the data more deeply and regionally. 

Thank you in advance to everyone who read this, and moreso to those who respond with their thoughts. 

Thank you in advance! 

I appreciate the guidance in advance.

Thank you in advance and happy holidays to everyone.Denise Hey Denise, I've never invested out of state but I have invested in a city about two hours from where I live.

Looking forward to hearing your thoughts here and thank you in advance! 

Thank you in advance for any insight anyone is able to give!!

When you go to sell, Montvale requires a certificate of occupancy so this issue has to be resolved in advance of a sale.Although I am not a lender, I assume you will not be approved for an owner-occupied mortgage on 5-units if it is a legal 4-unit without some type of mortgage fraud whether in reported rents, units, or another legal document or representation (very very large issue from a legal perspective with multiple arrests in the last year for anyone playing fast and loose).As far as the DCA, I would recommend coordinating your work with the city with the DCA.

Law is clear that you cannot circumvent a borrower's statutory rights via foreclosure process in advance.

Thanks in advance!