Update #1I was super excited to find a possible 3 flat building, which was newly listed on MLS.But my excitement quickly turned to horror as: Unknown property conditions of 2 occupied unitsOlder, possibly original, electrical wiring that needed updating immediately (vacant unit had 1 electric outlet per room)Seller is deceased, estate now held by sister who lives in New York, who has never visited buildingPossible water/roof damage as warping and thick cracks appeared in stairwells/wallsOlder, leaking windows Questionable plumbingBIGGEST DEAL KILLER: EXPOSED ASBESTOS WRAPPED AROUND ALL PIPES IN BASEMENT!!!!

This can be a powerful way to offset taxable income.5) Self-Directed IRAs and 401(k)s:While not entirely unknown, self-directed retirement accounts are still underutilized by many real estate investors.

This means the property owner has been paying the mortgage and not the due taxes for so unknown reason I am not able to find.

(Yes I know, you asked "how").There's too many unknowns for me to give a much more meaningful answer.Have you checked nearby sold comparables?

However, I don't like the utility unknown and the fact you have no real control over the tenants behave and therefore how much those could be.Like I said, I think your utility estimate is low, but even at that, it's almost 2/3 of what I would expect your monthly P&I to be at or near the target price.

For me it the unknown.

This is why if you buy occupied you have to price in unknown damage they will do before they leave and lost rent and possible cash for keys to get them out.

You will have a unique and unknown list.

Hi, wow, lots of questions....first let me say, IMO, that everyone is leary of the unknown.

I'm just curious if there's any unknown pitfalls or major differences between using the BRRRR strategy with multi-family units compared to single family homes.Thanks!