HI Erias,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

I don't ever look at land to subdivide just entitle it to the max. add units, etc. or buy land smarter. it's not hard. you can handle all of it yourself but you need a good architect or overseas drafter who knows their stuff. 

And yes, his was the only unit we did not raise rent on because his is the only unit that hasn’t been updated AT ALL since the building’s construction in 1982.

I own 130+ units in MA and would love to partner on deals depending on what you have.

One of my properties is a mixed-use building with 4 apartment units and a convenience store.

Hello everyone,I'm 18 years old and with  average FICO score 715, I have a 5-10 percent down payment, with only 6 months of full-time employment (annual income 52k) and 1 year of part-time work history (annual income ...

It helps to have a conversation with a lender in advance (if you are serious...don't waste anyones time) to explain your situation and see if there are any red flags.For single family or 4 units and under a pre approval is also not needed but does go along way. 

Hi allI'm closing on my first property today a 3-family unit.

I know your post was about direct to seller, but in the multifamily space, if you're looking to purchase bigger deals, anything 100+ units, it's more challenging direct to seller.I would start with sites like Crexi to aggregate data in a specific market, and target what you're trying to buy. # units, time left on debt, how many years held, whatever you're focusing on.We've also had some success using wholesalers to bring us deals.

Purchase price $500,000Property is 10 unit apartment building net rents ~$96,000 annual and NOI ~$57,000 which is accurate from 2023 proforma.