My understanding is that their retainers are around $10,000, and while I am sure they are well worth it, we are just getting started and probably don’t need that level of caliber yet.

For reference- healthy inventory levels or a balanced market is 6 months of inventory. 

Then, ofcourse, I would look at other similar properties in the area to see whether I can try to exceed my minimum profitability level.

Rent levels go up and down but think 5 years out.

A good video that was helpful to me starting out is: How to Analyze a Real Estate Market in 60 Minutes - Know More than a Local Expert - Neal Bawa… (BP frowns on link posting… so copy-paste in google, it should be 57 min long).For some other let’s say high level book on the “start-to-finish” for MF investing, helpful to me are:Wheelbarrow Profits by Jake and GinoMultifamily Millions by David LindahlEmerging Real Estate Markets by David LindahlCreative Cash by Bill Ham (helpful for ‘seller financing’ options)Once you get through the “philosophy” of these, some more “meat and potatoes” digging into the actual numbers and case studies:The Complete Guide to Buying and Selling Apartment Buildings by Steve BergesThe Complete Guide to Real Estate Finance for Investment Properties by Steve BergesYouTube has some good underwriting resources:Break Into CRE with Justin KivelThe Multifamily Show with James Eng at Old CapitalAdventures in CRE with Spencer BurtonBruce KirschLocal meetups… you’ll learn a lot from other investors in your market… an active local REIA is UCREIA (Upstate Carolina Real Estate Investors Association) they have a monthly main meeting and then various sub-groups that meet monthly as well.Ben Jones and Ivan Jenkins run Multifamily Investor Nation – Greenville, SC sub-group, they do a hybrid with in person and virtual together.

From what I have seen, prices are still building, trying to find the resistance level.

You can't just choose neighborhoods like that, sometimes inside of each area, there are blocks where the income levels change for your tenants.

The level of damage is the most important part to address.

Whatever the case it’s going to be awhile to see how this pans out on the local level.

TrevorVery high level, once everything is netted, only 3k of loss will appear in your tax return.