The land has utilities available and is very cheap, $27k an acre.

Half of US renters are “cost burdened,” meaning that they spend more than 30% of their income on housing (rent + utilities).

But typically these are already home owners so it may be a better than average tenant base as far thrashing the property. 

Hi Ian,You'll typically be looking at 25-30% for larger MF. 

A very honest property manager told me that investors who profit from cheap properties buy in volume (not your typical beginning investor) because the good properties offset the losers. 

For primary residences, lenders typically don't require PITI (Principal, Interest, Taxes, and Insurance) reserves beyond the down payment and closing costs.

Rural areas are typically defined as areas with populations of fewer than 35,000 people.Use: The property must be used primarily for rental purposes and provide affordable housing options for low- to moderate-income tenants.Developer/Owner Eligibility: The developer or owner must meet specific eligibility requirements set by the USDA, including financial stability and experience in property management.Income Limits: The tenants who will be residing in the multifamily property must meet income eligibility limits set by the USDA.

Best way to utilize this platform?

Hi,Hi, Does anyone have a recent experience with regard to how many weeks out a jury based eviction trial is typically scheduled for in Orange County, CA?

Of course i will use the caveat that "it depends" but typically yes the $50k investor would get 50% of the promote of 70%, which in this case is 35%.