To start those are numbers for a specific year, so you would want more of an average if possible 3+ years would be ideal. 

I play in small ($500K to $1M) investments with my partners, and I find NC LLC structures necessary and sufficient.

Not ideal, for sure.

The ideal outcome is that you get two or three from each person and you see a name repeat a few times and start with those.

What I’d ideally like to do (because it makes the most sense) is: close on the property.

Request a whatever numbers the person has, ideally a rent roll, P&L for the last 2 years, a list of major upgrades.

Only play here is to market & sell the real estate.

I understand townhouse/condos are more of cash flow plays (vs. appreciation) so wanted to get in at lower price to be cash flow positive...hence the recommendation ask.Specific community names would be appreciated...e.g. one I'm aware of is Meadowridge townhouses in Coppell.

Ideally, we’ll jump into the multi family game in Wilmington, but for now we need to find a place for our family.

@Nicholas_Weckstein thank you for the small MFR breakdown.Is the 25% down necessary or simply ideal?