We have separately been involved in investment real estate for several years, and we are now planning to start a new business together with intent to invest in long-term multi-unit rental properties in the Carolinas. 

Property has low maintenance ratio due to the recent improvements done at the property (common areas and many of the interior of the units).

mixed use residential conversion of retail space to str units plus real estate office, two restaurants space tenants What made you interested in investing in this type of deal?

I purchased a duplex in 2018 for $212k that would now be around $350k, a triplex in 2020 for $167k (put 50 in) that would now be around $310k, and a 5 unit in 2021 for $375k (put 20k in) that would not be around $500k.

Additionally, I've diversified my portfolio with investments in single-family properties and other assets.Over the past year, I formed a close bond with a retired multifamily real estate investor with over 40 years of experience who managed a portfolio exceeding 4,000 units.

I know it's not for the faint of heart but land costs a lot here and to break it down you need to get to a lot of units 

The deal is the builder will lease my unit for at least two years.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Large multi-family (5+ units) buy & hold investment.

If the Minnesota market has duplexes or 2-4 multi-family units, this could be a great way to get started.If you already own a home, then I would say to do some research on the top places around the country to invest in and build a team and a network of experts in that area.