I think its because no one wants to pay $50 PER unit to apply for a rent house.

My husband and I are working with a property owner who has 6 units.

I have a few rentals in the Denver area, and one thing I really enjoy doing is installing Life-Proof LVP flooring in units each time they turn over. 

"Our primary interests are in long-term rentals (single and multifamily), flips, short-term rentals, flex spaces, and storage units."

Hey All,I've been working on getting my first rental(Multifamily, 6-12 units, locally) and I think I came in too ambitiously.

Fully finished the basement area as mother-in-law unit.

Do folks have any insights on new multifamily supply (location, # of units) as well as demand drivers that will absorb that supply?

On top of that, as has also been mentioned, it'll never truly be "mailbox money" because you do still need to manage your property managers, especially when it comes to capital expenditures.My personal investment forte is 2-4 unit buildings, and in my opinion they are by far the best asset class for new investors.

And it wasn't a vacant unit.

Not only is your land cost spread amongst more units, but also major costs in your horizontal work (sewer, water, electric, paving) are spread amongst more units.