It’s a pleasure to join this platform.

Please help me purchase a 70 unit too!

I am looking to buy a multifamily in Jersey City for STR, any suggestions, what area will be good for STR and weather number make sense at this time.

What made you interested in investing in this type of deal?

@Nate Jenks no problem, here to help and clarify.When we speak to "cash out" loans in lending the maximum loan amount is usually 80% LTV on a primary home. 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

I realize there are not many banks that offer this.

@Calvin Rappard, I've heard people ask this before but I think its pretty silly. 1.

This will clarify and reinforce what you are reading.

Hello  @Thomas Sheehan,If your goal is to invest in an apartment where you don't have to concern yourself with maintenance and cap Ex, this deal (or perhaps another with similar rents and lower price) could make sense.The downside to deals like this is that your rents could eventually hit a ceiling as newer apartments (some with more amenities) become available.