Deep value add multifamily project. 4 units. 2 x 2 bd 1 bth, 2 x 1 bd 1 bth.

Despite having delivered over 480 investment properties, we always seek the opinion of a property manager for each property before considering it.This deep dive is very impressive.

I've seen a few properties in Colorado mountain towns for sale recently with STR licenses that transfer with the property (rare to find because the waiting list to get a license is many, many applicants deep.

For example: A 10 wide x 20 deep x 8 tall unit, with studs, roll up door and doorjambs; is really 9 wide x 19 ft 6 inch deep x 7 ½ foot tall.

Learned how to dig deep and just keep pushing forward till the job is done Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I had no illusions about acquiring properties via the tax sale in CHS - too many funds with deep pockets involved and too many wholesalers calling the property owners after the auction.

@Kevin LeeYou might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $310,000

Cash invested: $350,000

This was a full rehab 6 unit multifamily building.

Our firm did everything ...

You won't be able to weather the volatility unless you have very, very deep pockets.

Unless you have deep experience selling your own properties, there are many details and legalities that can cause you tens of thousands of dollars if not done correctly or if they are overlooked.