Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Purchase price: $325,824 Cash invested: $62,000New construction 3bd, 2.5 ba, 1722 sq. ft.

Andrea,My corporate office in in Chicago and some of the 2-4 units right now offer a good price point and cash flow. 

So, the best course of action is to have liquid cash for repairs and trusted contractors who are willing to fix the issue at a good price ?

Purchase price: $82,000 Cash invested: $70,000 Bought a property that someone started a rehab on and finished it up.

Throw them a couple hundred bucks then beat them up on price during the job.

And it syncs the dynamic pricing data from PriceLabs to all those channels as well (or Wheelhouse, Beyond Pricing if you prefer those).They also support integration with real credit card merchant accounts. 

Plus, if a unit is vacant, you lose part of your potential income, which might be more impactful compared to having multiple units in a larger property.Market Limitations: Depending on the Lubbock market, there might be a limited number of duplexes available, which can restrict your options or inflate prices due to high demand.Resale Market: Duplexes might not appreciate as rapidly as single-family homes, depending on the area and market trends.Hope that gets you started, shoot any questions you have my way!

Yes, you can apply bonus depreciation to a converted property, with some caveats:- it will be based on your original purchase price, not today's value- bonus depreciation for 2024 is 60%, not 100%- most importantly, you may or may not benefit from cost segregation/bonus depreciationRead this: https://www.biggerpockets.com/forums/51/topics/1075919-five-... 

Then, look and see if any properties fit your strategy that you can acquire at that price point.