@Monica Juarez-Gonzales Adding to prior note that @Michael Plaks has created the best resources and content, bar none, to help investors understand how to approach Cost Seg.

Very wrong approach!

There are other concerns with this approach, but 50% down on a ready to go $150k rental in a cheaper area?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

As a wholesaler, a seller approached me with a 48 unit apartment complex, 7 duplexes and a 2500 sqft Single family that he wants to sell (all of which occupy the same block.) 

I hope it doesn’t take him too long as the deadline is approaching...

I've been chasing houses and unable to close deals, so I'm trying to regroup and try another approach. 

Reliance on a team a flight away wasn't for me as I was getting started, I am considering bending that approach. 

Sold on 11/22/2024 for $110,000, this project highlights our strategic approach to revitalizing homes and delivering exceptional returns for our partners.

As you narrow down your REI type, try to do the broad review approach to see if you have the resources to do that type or scale.