I would strongly discourage you from closing on the unit before reviewing the records/financials.  

@Cody Wagner I think it comes down to identifying the strongest markets based on your personal metrics, whether that is typical job or population growth, or something intangible, like a personal connection to the location.

We had a contractor that is specialized in fire remediation review the damage and he has informed us that the tenant cannot be living in the apartment while repairs are underway which is estimated to take about four weeks.

The number one factor of what you buy is how much capital you have access to...that means its a combination of purchase price, location, condition, and availability of inventory...I would add these as metrics alongside the cash flow.

View reportHello Everyone,I'm trying to determine if this deal is worth my time and money. This is for a triplex in Lachine. Job is going to be a full gut and reno. Plan is to buy at $425k, invest $200k in renos and r...

I wouldn't look at a property "cahflowing" as a metric for criteria.  

You can change managers so make sure to track the metrics important to you to make sure they are performing although devil is in details.

Your keying on Cash on Cash metrics. 

I just wrote a blog about the financial metrics/returns of building ADUs in Los Angeles & Southern California...thought I would share some of my findings:The cost of an ADU will depend on a few factors including whether it’s a garage conversion or newly built detached/attached ADU, but a good rule of thumb is as follows:Garage conversion (300-400sf): $70,000-$100,000New ADU: $200-$350 per square foot.

New to the multi family scene but am a GC and REagent. What is this missing (if anything)? This would be out of state for me. What questions should I be asking that im not?View report
*This link comes directly from o...