. I have seen situations where landlords and tenants are both very firm on their requested rent price and it was a minimal difference and the landlord let them move out and the money it cost the landlord to clean fix paint and rent the unit out to a new tenant outweighed the difference they would have made the tenant after moving expenses and paying first class and Security again probably outweighed what they would’ve paid had they just stayed so sometimes it’s better to just negotiate and flex a little to renew a tenant than to keep swapping tenants.

Longer vacancies can eat into profits.Alternative Strategies: While BRRRR can work, Wichita might also be suitable for:Buy and Hold: If rehab costs are high or competition is fierce, focusing on long-term rentals with good cash flow could be a simpler approach.Remember: Talk to local real estate agents and property managers to get a realistic picture of rehab costs, rental rates, and vacancy times in Wichita.

We used a buyers agent and it was located thru the local MLS.

.; 4) trip to your rental for install; 5) un-installing the current doorbell; 6) installing the new door bell and wiring it; 7) securing your rental upon exit, clean up and disposal of the old doorbell; 8) trip back to their office --- Umm...

I find a large need for a clean, safe, affordable housing.  the ideal property.

Consider how that might effect the future sale of a property.The real estate agent or broker who is helping you buy a multi-family property should understand the pros and cons and help guide you through the process of where your money is best spent regarding washers/dryers.

I've even offered through agent advertised properties, but you'll usually get better response from FSBO. 

I’ve been wondering that same thing.Seems to me when comparing candidate investments, why would I pay more for an investment with risk and work (5% Cap multifamily), than a risk-free passive investment (5% CD or T-Bill).Note that going from a cap rate of 5% to 10% is a 50% drop in price…that’s significant…easy to see why a seller isn’t willing to give a higher return.I’ve asked the question before and gotten answers like it’s because investor borrowing costs vary, and you must consider future rent growth and appreciation … I guess if you have low borrowing costs and are optimistic about the future a 5% cap rate makes sense. that's just a bunch of bull from agents and gurus trying to keep their game going... of course price should drop 50%... say today the commeercial loans are at 7%, and cap should be 2% higher to make the risk worth while, so call it a 9% cap.patience... this bs market needs cleansing... and when the time comes, it will be easy picking.no need to play the hard game... my friend

just make sure it's safe, clean and in line with other rentals in the area.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?