I only operate 1 house I bought this year, but I'm eager to stand out in the competition.

I assume documentation was a top priority here when discovering the property's conditions.

@Rishika Garimella I am a local home inspector and investor in the area. i think Austin is a sleeping giant right now. the rates are really scaring away buyers. but since competition is so low right now, its a great time to snag some property while its not being ripped apart by investors. i think the hutto manor area is a great choice, once that freeway opens up that connects taylor to round rock, it will definitely become a point of interest.

Purchase price: $814,000 37-Unit - HUD Section8 HAP MultifamilyOverall the project was situated decently well at closing, occupancy was mid ~85%, and overall the property was in very nice condition.

The Shadow Ln property presented a high-demand location and a competitive purchase price.

Here’s a comparison:Income reliability and net cash flow: In Las Vegas, a fourplex in reasonable condition costs about the same as two single-family homes, but they attract very different tenants.

Seems like 130 units is a beast to manage, I'd love to hear about your on-site management systems and "experience management" process to stand out amongst the fierce competition in the smokies. 

Most townies looking to gawk would come to an open house and open houses are usually done only for houses in nice move-in condition.

Other forces including skyrocketing insurance premiums, inflationary pressure on expenses and tough competition in the Class A space work against efforts to improve NOI. 

Implementing a value add strategy, which will raise rents and force appreciation has been an unfair advantage in just about any market condition.