The best strategy I seem to have deployed so far was to contact all my current tenants and let them know I’d give them a cash referral fee of $250 for anyone they recommend to me that goes through the vetting process and successfully moves in.

We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.

One of the Keys to Success in Multifamily Partnerships: Communication In the world of multifamily real estate, teamwork is everything.

The narrative that these are cash flowing properties is aggressively pushed by everyone who benefits from these transactions...turn key operators....brokers....pm's but its incredibly difficult for the non hands on buyers to operate these homes for a sustainable period of time.

Like any investment, there’s a learning curve—understanding which properties qualify, accurately estimating renovation costs to pass inspections, and managing typical real estate risks.Having a reliable maintenance and management team in place is key to long-term success.

Quote from @Michael Belz: I was impressed by your blog post discussing the success of small cash-flowing real estate deals in Detroit, particularly with smaller houses.

Both cities get so much negativity, you can even see it on here, so I'm happy anytime either city has some success.  

I don't think anyone here needs to explain his success, but I will say the fine line between success and failure is a lot thinner than we know. 

My biggest advice - take your time, do your research, and consider hiring a mentor.Check out the Rookie Podcast and forums on BP; you'll gain a lot of valuable insights from them.Wishing you success in your investing journey!

It's not hard to understand the disqualified party rules and prohibited transactions.