Purchase price: $485,000 Cash invested: $100,000 Originally on the market for $700,000.

I'd also recommend dumping the garages there's almost a total loss on that unless you are putting units above them on a dense infill lot for additional units it's not worth the cost of construction. build cost is pretty high for your market for three story suburban walk ups. we could never build at that price and make any money. suburban sells for 160k a door in our market with land. get on yardi make sure you Arne't going to lose money on it.

If you had a bit more capital, say $80,000 - $100,000, you could start doing BRRRR's in markets like Detroit (this is what I do).

How ‘hot’ is the market?

There’s not much time to hunt for a better loan, and this option helps you save cash and increase your buying power.

Looking ahead to my next project, do you have any advice or resources for finding off market deals? 

It’s highly passive and there not much to do other than network and marketing.

I'm eager to learn from your experiences—what strategies or processes do you use to determine expense figures in your market?

Make sure that the market there makes sense for your goals to invest.

As a long-time high-level Rentlinx.com user, the journey since Rentlinx.com removed its marketing offering roll it into AppFolio has been an absolute nightmare!