The operating LLC doesn't own any asset, just liquid cash that is rental income from tenant and expenses against rental properties.

After saving 15% for vacancies/maintenance and all other expenses, this property cash flows $23 p/mo and a 0.48% CoC ROI.  

Some not so expensive, like a bike ride or a walk in the park. 

List price: 445,000.DP: 89,000Closing: 8900Total Invest: 97,900Projected mortgage: 2500Rent: 1700 per unit, 3400 totalTaxes: 42Insur: 263CapEx: 100Repairs: 100Vacancy: 100Total expense: 3105Cash flow: 295, 3.1% - 6.0% CoC return. 

The average company only survives for ten years, while even large companies typically last just 18 years.

In larger multifamily investing it's about finding opportunities to increase revenue and/or decrease expenses to drive value.

I would be cautious on the value add opportunities as the capex can be very expensive, but since you are developer you may might have an edge with figuring out these kinds of costs in your due dilligence.I've been working on building relationships with brokers. 

I have been leaning toward acquiring existing assets as new-build in my area is about as expensive as existing assets AND it takes years to spin up until cash begins to flow.   

Have enough that after you buy the property you still have 6 months of expenses in reserves that you can use for daily living.

We currently stay in Miami and prices here are very expensive i do want to stay in my backyard but prices are extreme  so i would love to explore some out of state markets !