Over the last 3 months we’ve spent $70k in rehab work. 1 property flooded, big storm across from the ocean we gutted it and it’s under construction 1 property had a lead incident, tenants ended up buying a house and we’re abating the unit. 

-Contractors not performing, low appraisal, unforeseen renovations, finding a deal that works, offering the right price based on financing and timeline, materials selection, contractor management, contractor vetting and selection, contractors contractors contractors...This is not an easy game to buy and hold multiple units.

Buying multifamily 3-6 units in FL. hit me up if you have a deal.

Zero interest he said. 5 of the units are rented out, with one being vacant for over a year.

Shut-up 20,000 economists screaming at the top of their lungs for years, we can't hear the banker on our I-phone 14 super Max Pro telling me about the 2.5% variable rate Bridge Loan he can get us for 24 months to buy that 50 unit crack house, grow house, section 8, Multi-Family first time syndication I put together after my Doge coin "investment" shockingly went Tits up! 

My cousin and I are considering acquiring a two-unit home in Tuscany.

Or Tenant cutting a slice in your AC  hose outside Unit on the ground. 

Duplex units are very rare in the Charlotte MSA only 19 units sold past 60 days. 

I never recommend out-of-state investors buy anything for less than about $55-75k all-in or, generally, it will be in an area that has a mediocre tenant pool with high turnover and bad turns when they leave; the price to rent ration doesn't matter when these items eat up your profit year after year.For multis, it's a little different, but I typically ask them to focus on units that rent for about $500-550 minimum to have an easy time managing them and finding quality tenants. 

Then when I moved out and rented both units!