Then all of a sudden last week, 3 great deals came on!

But I think, like many people found out during COVID, if you just buy a tract home that looks generic in a generic area, you will get generic returns, which based on my friends and other commenters here seems to range from small loss each month to modest gain. 

While I do not believe we have seen the last of the foreclosures, as I recently heard that 60% of multifamily bridge loans nationwide are not paying their mortgage, I am skeptical on whether or not we will see a massive fire sale of multifamily properties.

We started the journey last year Sept 2023.The deal closed mid November, after a 2 months journey to find the perfect property (price/Cash Flow/appreciate) and closed on it.Made her aware the holidays isn't the time for renters to move, however, once W2 taxes were issued in January 2024 she would get a tenant.She is officially a landlord!

This wont be our last site in this town.

The simplest way to find one is to just start calling every listing that has a purchase price in the last 2 years in your area that was on an FHA or VA loan AND has been on the market for 60+ days.

(We've been 95% occupied for our units for the last several years.)

Finally I'd pay a professional tub reglazer 200-250 to reglaze the tub white and maybe have him also reglaze the entire surround while he is at it to cover up the cracks and imperfections. most reglazing jobs by guys who know what they are doing last 3-5 years.

the 5% is minimum and that changed this last November . 

To achieve this, you need passive income that meets three requirements:Rents outpace inflation: If rents do not outpace inflation, no matter how many properties you own, you cannot achieve financial freedom because inflation is continuously eroding purchasing power.Income persistence: Financial freedom requires that your income lasts throughout your life.Income reliability: The rental income must continue, even in bad economic times.