I explained some of my minimum requirements (10% COC, 8% cap rate, etc) and provided multiple BP reports to the seller along the way to justify our offers.

As the neighborhood's highest lot it also features a flat building site, southern exposure & that irreplaceable top of the hill feel”

Lots of features and capability for free and it only cost around $10 a month to accept online payments.

They have an IDEA to buy multifamily but that may be very different from the reality of the market and what price and cap rate will be.  

As a Canadian I'm considering dipping my feet into the US market. Prices of properties in Canada have sky rocketed and rents have not. Where we currently invest, we have strict Tenant/Landlord laws making it very diff...

You could certainly refinance it to free up $ for your next purchase but if $1700 is fair market rent for each unit $3400 per month gross rent on a value of $900,000 that’s probably less than a 3 CAP when taking out expenses. 

Use DSCR based refis but youd be capped at 75% LTV and some cases 80 but thats case by case.

Switched to my other lender, heard the same thing, they are now capping how much investment loans they do.

Posting on MLSApartments.com/Zillow/Trulia etc.Create TikToks for the units (sounds crazy but it's very effective to this age demographic)Create virtual tours, pics, floor plans for people to interactExclusive building website to highlight it's features and why it's a desirable place to liveContact University housing professionals on how they can refer students and staff members Network with local hospitals and larger companies to assist with spreading the word of availability of units Good luck!

You can raise the rent but you are capped at 20% increase from the March 2020 rent.