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?

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.  

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.

Hi, I'm looking for multifamily deals to buy, anywhere from 60 units and up, and one platform that everyone are talking about is Costar.

Have you investigated whether zoning allows you to add an additional unit to your property?

Then create the lease and include copy of the unit condition move in inspection (completed by you and signed).

But this obviously depends on the lender  Assuming its a 1-4 Unit

It seems like every town I look in has such strict regulations where you need to owner occupy your unit.