Purchase price: $814,000 37-Unit - HUD Section8 HAP MultifamilyOverall the project was situated decently well at closing, occupancy was mid ~85%, and overall the property was in very nice condition.

If that is the case, can you start to buy places that are built in the mid-90s to stay away from those big issues?

@Bud Gaffney  short for Medium term rental,  or mid-term rental. 

Latest is prop 33.  3rd attempt to pass this with aids health foundation having spent mid $40m last I looked.  

Unfortunately the short and mid term markets are slowing down.

A 4-plex would be ideal and you could play around with doing 1 long-term, 1 mid-term, and 1 short-term, plus you, if it works on your area to upgrade your income.

But I get it in the lower value assets of the mid west and rust belt cities wholesalers dominate because they spend 100s of thousands in marketing for those type of assets..

I use Beyond pricing in my vacation rental markets and Pricelabs in my city/mid-term rental markets.

Is this for mid term rentals?

Plus the challenge with mid term is you are generally on the hook for things like internet, utilities, etc.