This can be particularly appealing if the seller is facing financial difficulties, needs to move quickly (perhaps due to relocation, divorce, or other personal issues), or the property has little to no equity and they can't afford to sell it through traditional means without bringing money to the closing.

I am an Investment Advisor looking to get into multifamily through syndication (in the beginning stages of research and learning).

Regarding local versus remote, I went through the same thought process.

Your Lender My suggestion to find #2 & #4 would be to go to the top of this page and click on FIND AN AGENT & FIND A LENDER.

Click to https://www.biggerpockets.com/users/mikeh695 & Tap the message icon in the upper right corner of your screen

She put in a maintenance request through Latchel (the RentRedi maintenance management system) for a leaky pipe in the (unfinished) basement.

I looking for any personal experinaces you are willing to share with me the good and the bad not wanting to look at this investment through rose colored glasses.

Your Lender My suggestion to find #2 & #4 would be to go to the top of this page and click on FIND AN AGENT & FIND A LENDER.

Your Lender My suggestion to find #2 & #4 would be to go to the top of this page and click on FIND AN AGENT & FIND A LENDER.

if the return on cash-flow and appreciation is less than your required rate of return, you should consider selling it.Selling it now could also allow you to escape some or all of the capital gain through 121 exclusion.