Tenant leaves the unit and turn in the keys on 1/16/25. 

The property consists of 202 units.

I am purchasing my first rental property (multi-family) unit in Salisbury North Carolina. 

A good broker should be able to tell you a range of rates given specific criteria if you can tell them what kind of deals you are exactly looking at (ex. in central Boston, 10-20 unit, 90%+ occupancy, 30% down).

My wife and I got a duplex downtown and are house hacking one unit. 

But then they can raise the rent just $10 per unit per month and create another $600,000 in value across both theirs and the ones we sold.  

Hello AllI have a opportunity to purchase a 3 unit rental property. how should I structure the offer and what should be required in it.Does the seller provide a fee and clear Title with Title insurance, should the seller be required to evict the tenants before I purchase, what verifications or contingencies should i include. etc......ThanksJeff

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

I use the individual stackable units when I have space restrictions.

If you are getting buying now in TO & Niagara, you will need to have a large down payment for the units to cashflow.