Move them out, clean the units up, and place your own tenants at market rate.Any other method is going to create a ton of work and stress, and it probably won't work out well for you in the end.

With the hope of higher rents and slightly lower rates for a refinance before the cash flow gets too negative.

Looking for someone who can clean rooms spotless and prep them for the next guest.Thank you in advance!

Now that the Fed has signaled rate cuts in 2024, the expectation is that deal flow will increase again in the second half of the year.

Here's a deal analyzer template that I use.Even then, I recommend making sure whatever property you buy can also cash-flow as a long-term rental in case things don't work out.

On the other hand, investors who rely heavily on debt markets tend to respond swiftly to macroeconomic factors like rising interest rates, concentrating on large, management-intensive projects, and adjusting their price targets based on their evolving cost of capital and future cash flow projections.The top end of the market sees a limited number of marketed investment deals, but the sluggish transaction activity is not due to a lack of supply at the lower end.

for 1050/month all bills paid. they claim this cash flows 3600/month (4200-600). the math on that is they say electric is 90 unit, trash and water is 50 each for all 4 so theres your 600 and say they can provide receipts on all this. it's located  a handful of miles, about 6-8, outside the nearest small town with a wal mart etc.one thing is it seems better apts, in town with 600-800 ft, go for more like 1k no bills paid. even adjusting for the all bills paid part, i feel like 1050 is aggressive on these. otoh near me some crappy tiny apt with mold and everything go for 750, and these are much nicer than that. i think 700-800 would be an absolute floor on what they could rent for.i guess i just have no idea for example, insurance?

Seems to be a shortage of positive cash flow properties available on the local MLS here in central Ohio.

If I can get a 15-20% ROI (appreciation, depreciation, cash flow, mortgage paydown, write offs), and 9.5% on the funds I take out, would that be worth getting double taxed?

Yes those are the numbers in my head and Im going for the cash flow for my first deal.