Hello All,

I am pretty new to the landlord game but have been interested in REI for a little while now. I've run the numbers on my goal and would like to acquire at least 65 units within the next 5 years. Ambitious I...

Turns out, I did a bit of research and the house is right in our sweet spot, in the right area, with most of the things on our must have list, and in a great up and coming neighborhood. 

Some involve more headaches, some less.I believe that there is a sweet spot for me on the continuum and I want to be very thoughtful about where I jump in.

Sweet deal!

Hi Ryan, I would keep it short and sweet, if they are calling you they probably already know that info because it should be on your mailers already, I am assuming?

I could see doing so if you had cash available so that having your EMD wouldn't hinder you from making an offer on a non-pending deal AND it was an extra sweet deal.

But the 20k to have for my next deal would be sweet too.

Are you possibly looking for a Sweet fixxer upper deal where you could live and build 'sweat equity'?

You said you want to buy a distressed property through a realtor, then rehab it yourself and turn it into a rental.Most distressed properties on the MLS are gone quickly if they are really a deal at all, so unless your realtor has some sweet inside info (pending divorce, bankruptcy, etc) you may not have much luck there.

Many great property management groups do not like buildings that small (whereas a 60 unit may or may not fit into their "sweet spot.")