We are looking to buy multifamily properties and get away from long term single family rental houses.

We are finally starting to see indications of some deals in the Smokies. 

 This may be a bit long but I do appreciate any and all replies, TIA.

After you've reno'd and trended rents, either (i) sell / cash out or (ii) cash out refinance with a long term 10+ year fixed perm loan, and proceed to own/operate. 

Of course not, but it is useful to be aware of what part of the cycle we are in and what the next phase of the cycle is.http://observationsandnotes.blogspot.com/2011/07/h...

All good markets to get started in as long as you have a good team in place.

A year of rent sounds great on the surface but I'm wondering why they wouldn't just pursue a normal year long (long term) rental...maybe they've been bad renters or have bad credit or low income.

There was so much appreciation during the pandemic that it will take years to settle back in line with long term trends.

It's good to put together a long-term plan, but I have never understood how someone with 0 properties is more worried about how to scale then how to build the foundation correctly.You are putting the cart before the horse.

We are particularly passionate about the upstate New York area.Outside of real estate, I work as a financial professional and Ralph is a contractor.