As people started chasing yield, these prices rose too high in comparison to better vintage assets.It comes down to price, and your pro forma reflecting lower rents for these units.

Hopefully, this will be longer than a one-off relationship for you to start your investing journey. 

If you're just starting out, I recommend getting comfortable speaking with sellers over the phone.

It takes $14-20k per year to participate fully in datasources for most markets plus hours per week to see all the listings and movement.

I prefer a PM that charges a flat fee, but many seem to charge a percentage of the rent.In addition to how much, I'd ask the PM how long it takes them to find a tenant and when they start advertising. 

Some Background:I'm very entrenched with multifamily syndication space, and I've noticed deal flow pick up since start of H2 2024.

I do know that I eventually want to start my own company and bring in like-minded people that have the same love for it as I do.

I agree all deals are slightly different and that makes a standardized system harder to implement but I started a living document to guide us through the wholesale process.

I started with LTR and moved to STRs and now considering apartment complexes. 

We used to be able to buy 8-10 cap apartment buildings, but over the past 12 months a lot of money from both coasts have started to uncover what you are, and the prices on multi family is closer to 6.5-7.5 currently.