I’m looking forward to hearing about your experiences and any tips you have for someone considering a similar investment.

Welcome to the community and be ready for a huge amount of information at your finger tips.

The property is located near two colleges, so I’m focusing on student tenants and planning for 12-month lease terms.Do you have any tips or advice for renting by the room?

Are there strategies, financing tips, or resources you’d recommend for someone in my position?

basically if anyone has any tips when it comes to researching plots of land in order to make the right purchase i would greatly appreciate it get with a realtor. we underwrite land at no more than 10% of after built value. in our market we build under the average new build value which is about 515k. we like to be around 420-450k and smaller footprint about 1500 sq ft with attached garages. we build close to urban core where everyone wants to live and net migrations match up. but suburban is fine. if you give more context I can help but in most markets land is a buyers market. most people aren't looking at it or buying it. 

Would love to hear any tips & info that would help me get started!

Welcome to the community and be ready for a huge amount of information at your finger tips.

Bonus Tip: If this quadruplex is out of state, I’d highly recommend building a reliable local team (cleaners, handymen, etc.) and maybe consider hiring a co-host or VA to help with day-to-day tasks, especially if you scale up. 

Tips for the buyer:Be prepared to be flexible and wait.

If you ever have any questions feel free to reach out and ask I enjoy helping and offering tips and loopholes to help save time and money.