Since I get almost daily messages regarding small multi-family opportunities in Charlotte and find myself repeating much of the same information on the phone during intro calls, I figured I would go ahead and put my experience into writing for others who are doing research.

@Steven OlivasNever heard of them but I would make sure to do due diligence on any sponsor that includes understanding their background, experience, reporting processes etc.

If you mean Manufactured you can go Fannie 3% down either way it still only takes 21-28 days to close a purchase.Feel free to reach out if you have any questions or need more details I enjoy helping and talking REI!

Feel free to reach out—I look forward to connecting!

Do a lot of people on BP have experience with this?

Feel free to reach out if you have any questions. 

I had a retail deal and bank had an appraisal of $10,420,000, looking at P&L from 6 months earlier on the subject the NOI was $300k, looking at rent roll of a month in August the income was $105k with 35% vacancy, asked the asset manager how did the come up with $10,420,000 and he said based on that month rent whats renting in the market not considering this is a stressed property and wanting around 80% off that amount which did not even make sense what so ever.

This experience reinforced the importance of being agile in the market, ready to capitalize on opportunities as they arise for maximum profitability.

Just from my experience, never trust the cash flow numbers. 

Feel free to PM me, would love to connect.