The FHA loans are quite strict on the valuation so it’ll be a challenge to find a below market value deal, especially in these extreme current seller markets we are experiencing.

If you have time to dig through tax lists and send out mailers that seems to be an extremely effective strategy for finding low-cost deals.

I would say average purchase for a extremely distressed fixture would be 500k starting.

You were ready to pull the trigger so you were running the numbers as realistic as possible.

In my opinion, multi-families are harder and harder to come by in the city and many sell off-market but if you're truly set on getting one, connect with property managers who have clients that are always selling and commercial brokers to start looking but at the same time, have your finances in order and ready to pull the trigger. 

The system is connected to a central station that calls me if the alarm is triggered.

So I’ve never done this before, I am extremely worried I won’t be able to find anyone to purchase the property, the property itself is cheap, and the building itself doesn’t need much repairs and when repaired can be 3x it’s worth, I don’t know if I should flip or whole sale, I understand I’m being vague and can clarify in any comments I just would love to get everyone’s input, Thanks!!!

Lots of relocation among the state - but demand still remains extremely high!

This again just highlights the extreme lack of inventory of quality starter homes in good areas.

Single family homes and small multifamilies are extremely high demand and escalating.