And you’re absolutely right: underwriting isn’t just numbers on a spreadsheet; it’s understanding the moving parts of an asset, the market, and how to navigate uncertainty.

if they are pressuring you like this.PLEASE watch the American Greed Episode on Remmington Financial  .not saying these guys wont or don't fund of course.. but when I do my deals with my banks its common that I pay for the phase one and the appraiser directly..  

The developers pushing agents to sell one of their townhouses as a STR really inflated the asset cost cause they were pricing it on a revenue structure, not asset.

Based on the info in your post, my recommendation would be to turn these assets into well oiled machines and max out their NOI.

It’s a great way to add value to a property without putting a ton of money upfront, and it can set you up for financial success in the long run.Has anyone else done a similar renovation project or used a gift of equity in their deals?

With hardwork and ceasing opportunities we've managed to be part of this major asset and making it even better.

Prioritize your financial stability.

In the assets I am considering - the seller is typically selling because they no longer have the time or energy. 

Multifamily rentals are a great way to achieve financial freedom, and it sounds like you’re on the right path.My advice?

My husband and I have personally flipped, built, and own rental properties, so we understand firsthand how critical it is to not only maintain good tenant relationships but also to protect and enhance the value of your asset.