I'm considering the sale of a property I acquired in 2014 through a 1031 exchange.

“My views on homeownership have changed.”In the past decade, this home on Osiana Avenue has changed hands five times, twice in foreclosure.The first owner bought the house for $400,000 in 2005, taking out more than $1.3 million in loans to acquire the property and three others.

Of course if you could acquire ALL of the neighboring buildings, you could have much greater control and rental price influence.My guess is that the owners of these buildings are essentially just parking money and not pursuing a value-add strategy.How do you all approach this sub-sector of Multifamily? 

It is in fact very easy and profitable if you are smart about it and manage risk well.My advice is to start off looking for deals for a wholesaler so you have access to their expertise and analysis.

The other options are find someone with access to the MLS as tax records can be pulled through there or you can sign up for a Property Radar account (they offer a free trial).

There is no upside when trying to acquire larger multi families.

I'm not sure what size MF property you're looking to acquire, but if it's under 5 units, I think it would be difficult to find someone willing to lend to an LLC at a reasonable rate.

I don't see us acquiring a home of this value anytime soon.

> I have about 45k to play with but If I refi and pull cash out to buy property, I don't qualify because the cash out pushes the debt up.Is that $45K in savings or $45 in accessible equity... very different in my opinion.

I can't focus on finding and acquiring new properties if I am chasing tenants for rent and unclogging toilets.I think the only reason NOT to have a property manager is if you are househacking and living in the property, or live within a short drive of all your properties and enjoy doing maintenance and chasing rent checks.