Ask me privately.Financial Highlights- Gross Potential Rent: $98,061 per month ($1,176,732 annually)- Total Income (5/1/2023-4/30/2024): $1,357,459.80- Net Operating Income: $896,896.09- Existing assumable loan: $6.7M at 5.38% fixed rate until 2029Value-Add Opportunity- Partially renovated property with potential for further upgrades- Current loss-to-lease suggests room for rent growth- Opportunity to implement operational efficienciesMarket Dynamics- Huntsville's population grew 9.4% between 2020 and 2023- Strong job growth, particularly in aerospace and defense sectors- Significant multifamily supply growth (15.9% inventory expansion in past year)Investment Strategy- Assume existing favorable financing- Implement value-add renovations to drive rent growth- Capitalize on Huntsville's robust economic expansion- Target hold period: 3-5 years to align with loan maturityRisks and Considerations- High market-wide vacancy rate (17%) due to recent supply growth- Potential for market softening due to rapid inventory expansion- Property age may require significant capital expendituresThis opportunity offers a blend of stable cash flow from the existing operations and upside potential through strategic improvements, all underpinned by Huntsville’s strong economic fundamentals.ⓘ This is not an offer, solicitation of an offer, to buy or sell securities.

Cleaning and supply fees have stayed about the same for me. 

Someone to stock supplies, an appliance repair person, heating/air conditioning repair, plumber, lawn care person, carpenter, salesman, and occasionally an electrician. 

I appreciate your proactive approach to connecting with fellow investors.To answer your questions:• Introducing Yourself: I recommend crafting a brief yet detailed introduction that highlights your unique experience and the markets you serve.

Hey Jaycee thanks for the response.So far I've seen land at a minimum 130k, national databases estimated build costs to be anywhere from $120-200/sq ft & had a realtor supply comps for the building to be around 530-550k when finished.

My opinion is that these builds will be super high end and expensive, but with affordability guidelines will bring online many income restricted units to add to the mix.Overall, I think the message is now resonating with public officials that we need SUPPLY over any other approach to address our housing crisis.

We currently have an over supply of multi family in most areas.

While my background is primarily in the automotive industry—managing operations, logistics, and problem-solving— I own a business here in Anchorage that is working on securing an 18,000 sq. ft. warehouse in order to provide Commissary Supply services to the Department of Corrections.

Major employers like JP Morgan and AT&T are pushing for these policies as well, and specifically in the D.C. region, Amazon HQ2, the Washington Metro Area Transit Authority, and the Executive Branch of the government have required all employees to return to work 5 days a week at those locations.Fundamental Lack of Residential SupplyAnother interesting driver of demand is the fundamental lack of supply of housing stock due to the fallout effects of the 2008 housing crisis, slowdowns in housing construction during Covid-19 primarily in 2020, and a good amount of 2021 from supply chain issues, labor shortages, and rising construction costs.

In the meantime, expenses such as debt payments, taxes, insurance, and maintenance persist.Characteristics of a City That Enables Financial IndependenceTo maximize your chances of achieving financial independence through real estate, focus on cities exhibiting the following characteristics:Significant and Sustained Population Growth: Rental rates are driven by supply and demand.