It's the same with loans.On a $400,000 loan for 30 years, a 1/4% interest difference costs you something like $23,000 in frozen costs not to mention that you could be investing that money along the way.Here are some of the companies owner by Fidelity NationalAll of the major title companies get their titles through FIDELITY NATIONAL TITLE INSURANCE COMPANYand their list is something akin to And on it goes. 

We've been owner-operators for the past 3 years in Jacksonville, FL, we've bought over 200 units and currently own and manage 51 units in Jacksonville.

Will you need to do anything to the unit to increase the rents to at or above market rents? 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Townhomes and Condos: Steady and StrongThe townhome and condo market also shined brightly:Closed Sales: A total of 1,277 units sold, a 4.5% increase year-over-year.Cash Sales: Over half (52.4%) of these sales were cash transactions, up by 3.6%.

I’ve attached some pictures for reference.Depending on what you are doing with the unit I don't see $40k in costs there.

On some of the units, the bottom layer of flooring had vinyl tile with traces of asbestos and in many of them the mastic had asbestos. 

https://www.har.com/content/department/newsroomHouston Real Estate Highlights in March, 2024:-Single-family home sales declined 7.5 percent year-over-year;-Days on Market (DOM) for single-family homes went from 62 to 55 days;-Total property sales were down 7.0 percent with 8,939 units sold;-Total dollar volume fell 5.6 percent to $3.5 billion;-The single-family median price rose 1.6 percent to $330,000;-The single-family average price rose 1.3 percent to $412,464; -Single-family home months of inventory registered a 3.5-months supply, up from 2.6 months a year earlier;-Townhome/condominium sales continued to decline, falling 6.7 percent, with the median price up 5.1 percent to $235,000 and the average price up 2.2 percent to $276,262.

@Raj Patel are you looking at 1-4 unit properties or 5+ properties? 

What do you pay for property management and how many units?