If you choose to proceed, I recommend verifying the source of the funds as it could be tied to a specific type of compensation.

Costs are low.

I fear that might be too low so I've been running scenarios with the general 50% rule (NOI of $85K).

We are looking to pull equity soon to fund our next project.  

Hi everyone,I am a multifamily property operator, and I am looking for some advice on where to park our reserve funds.

- Expertise & Track Record: experienced team with a proven history of success- Market Knowledge & Network: local market expertise and strong industry connections- Financial Strength & Flexibility: access to capital and flexible investment structures- Operational Efficiency: effective asset management and cost control through vertically integrated property management and leveraging economies of scale- Innovative Strategies: value-add projects, portfolio diversification, distressed funds, niche markets, etc.- Technology: use of data analytics that can lead to more informed investment decisions, and integrating innovative technologies to improve operational efficiencies as well as improving tenant & investor experience- Strong Investor Relations: consistent, ongoing and transparent communication and educational opportunities for investors, including a peek behind the curtains inviting them to the office for events and internal investment committee meetings- Customer-Centric Services: customized solutions to meet specific needs and interests of various investors and full-service offerings from brokerage, property management, leasing, to funds/syndication opportunitiesWhat else did I miss?

Property taxes are low in TN which makes it an appealing place to invest.

He can furnish admission letter, and letter from US brokerage account letter to prove he has funds in his account.

@Ivona VillantiThe Reno Nevada area is landlord friendly, tech and job manufacturing growth, population growth, low property taxes, no state income tax and no large scale natural disasters. 

Are you buying it with cash and can you provide a proof of funds?