However, it may be prudent to wait until you acquire property in that state to create the LLCs to avoid paying all the necessary filing fees when you have nothing going on yet.  

Purchase price: $450,000 Cash invested: $650,000 Sale price: $1,600,000 New construction of single family

I got burnt on my way out when I tried to sell one acquired through Roofstock, which I’ve only kept for ~1.5 years.

Also with a 10 to 15 year lease if they ever decide to leave and sublease the space for a different location then not many years left to be obligated on primary lease term or negotiate for early release and termination.A Wendy's franchisee that owns 50 to 60 units you would need to see if guarantee goes to all the units or they just put 10 of the low sales crappy stores in there.

So, we bought the property 2 years ago, based on the valuation of the property considering income from 6 units.The sale deeds (from 2018- 3 sales) I could get from the City and the property tax statements (2023,2024) show that the property is zoned as 411 (apartments).

This is more common in today's market and often allows the seller to get a higher sale price than if you were to go through a bank/SBA loan.

He also said he'd help me acquire large multifamily, but then had never even heard of Crexi, or Loopnet and had never owned anything larger than a duplex. 

My goal is to start with rental arbitrage, build a solid property management team in the area, and then transition into acquiring properties for STR.Would love to hear from anyone who has experience in this market:- Is rental arbitrage feasible here?

Purchase price: $3,000,000 Cash invested: $6,000,000 Sale price: $25,000,000 Ground Up development project due to be completed Q3 2025 What made you interested in investing in this type of deal?

On public websites, I see some options to acquire a duplex in central Los Angeles under $550K which would require at least another $50K of work if I do not outsource most of the labor.