Today an almost $19,000 charge came in which totaled the renovation charges to almost $22,000.

Once you have identified this Tenant segment, determine what and where they're renting today, then buy similar properties.There is nothing on an MLS data sheet for investors.

Today (one day before closing) (December 5, 2024), my loan officer reached out to me and said a few things came up last minute and we will not be able to close tomorrow--in fact we cannot close at all my the rate lock which ends tomorrow and he cannot extend it.

Of course, if one wants to know which is which, just ask the syndicator if they were the day-to-day sole decision making operator who interacted directly with the PM, lender etc.

It sounds like you are off to a great start already especially by educating yourself! 

Happy to connect and educate some more whenever your schedule permits!

Sure, you could be fully occupied today, but if you’ve got a week of downtime between tenants, your yearly occupancy for that unit is actually 98%, not 100%.That being said, I know there is a sweet spot for LTR and STR and I assume there's a sweet spot for MTR.

If I sell this house today, I can get $460K but I still have mortagage to be pay off which is about $350K.

We've got strong job growth (tech, healthcare, education), stable population growth, strong rental demand, and plenty of value-add opportunities in multifamily.

You simply can't be cash-poor today or you're toast.I suppose "Only when the tide goes out do you learn who has been swimming naked.” - Warren Buffett