The transaction you are describing is very common.

The downside is that the returns are a bit lower but overall I think it's a great first property.

I can help you land properties at much lower rates than you could on your own based on a couple of methods and tools that I use to mine for deals.

This can be a completely hands free transaction too, we have property managers that, for 20%, will put your unit in a rental pool and have it filled all year round.

Residential/ Commercial, Flip, Buy/Hold, Transaction Money....?

I do not know any investors to complete this transaction, for all of the experience investors and wholesalers, what would you do if you were in my position?

I specialize in rehabilitation transactions and would love to dive into a scenario for you.

However, 1. my calculated annual expense is lower than the listing agent's estimation.

There are SOOOO many ways to get burned in a multifamily transaction that it is not even funny.

If this one is lower than the other comps and you could fix it up to be comparable to the other comps, then it would be a good investment as you wouldn't be paying someone else's mortgage every month.