Yes indeed mate.I probably would have fixed the rate also but "underwritten" the deal from a worst case rate scenario like I would do with SFH if financing.I'm not versed in large multifamily deals and would love to learn more.I think I could really do some "damage" in the field because I own and run a property management company and we run a tight ship that's very well optimized from an automation aspect and affiliate fee structure standpoint.So my bottom line for example buying a 50 or 100 unit would be much safer/higher due to in-house PM and "working" the margin.

There are a lot more condos coming on the market now: a lot of people are looking to sell after the strong appreciation in the past few years and there are thousands of new units being added by new development projects that are now being completed. 

Multi family to me means more than eight units.

I live on the casita unit.

I got a duplex UC last spring that had about 200k of work to do to its ARV is well over $1m but each unit will be renting for close to 5k. 

It's the bottom unit of a 2-story. 

Lucky loses to statistics/probability with more units and time.I feel like the larger you scale the less sense using a property manager makes.

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

@David H.It’s common for them to throw that language out there which even if they broke the law or operated without a license then you are indemnifying themSo I would definitely have that edited by an attorneyFYI property managers do the same thing - some of these PM agreements I see are insane

Batteries in those units last much longer than WiFi due to the wattage of the radio.