Able to get the seller to agreed to knock down another $10g, in addition to the repairs and inspection fees.

The borrower had short term bridge debt on each of the properties that was maturing in 2024. 

Additionally, I added a new boiler, installed air conditioning mini splits, and refinished the original hardwood flooring throughout the house.

Additionally you want to model out a vacancy period at the end of each lease term, to be conservative. 6-12 month vacancy factor is common.

Debt increases risk AND reward.

I agree with everything @Devin De Lange said and would add one additional factor to consider.

In addition, investors may also seek out of state markets because their state is not landlord-friendly or the taxes are extremely high where they're from. 

Here are some of the goals I'm planning to achieve in the next year: - Purchase additional multifamily properties - 30 units +- Start a syndication to purchase additional properties- Grow my social media presence for real estate purposes- Look into buying land and developing multifamily projects- Interested in investing or starting property management companyIf your interests or goals align with any of the above, please reach out.

We are fortunate to have our 12-acre property and house fully paid off, with a credit score in the 800s and minimal outstanding debt.

You can cash out refinance into a 30-year mortgage and pay off your hard-money debt.