Hi BP fam!
I am underwriting various deals in the 30 unit range in the Charlotte, NC market (one of which is off market direct to seller) and I wanted to get the  opinion on how the BP community goes about estimating...

Another great way to get your foot into the door of multifamily is becoming a limited partner on larger multifamily syndication.

I used a business credit card and line of credit to build a relationship with one of the larger banks that is known for being harder to work with.

And, depending on the effective tax rate of the investor, the after-tax return on cash flow is almost always to some degree even lower.The simple fact is that larger multi-family properties (apartment buildings), mixed-use properties and retail buildings sell/trade at capitalization rates that offer investors’ greater yield assuming sufficient capital is available for investment.

@Gary Woodring if you are buying a larger deal, I would explore using agency debt.

I suggest you reach out to a larger STR management company and ask them what services they provide if you were to go with them for a rental that you have. 

Would it be smarter to put a down payment on multiple single family properties or go for a larger property in a popular area?

I did a larger section of a building And for whatever reason the glue didn’t stick that well.

Is the new unit in a different location, larger, or better amenities?

There was a massive influx of SFR renters who used to own homes and weren’t going back to apartments and and even larger decrease in supply.