Property TypeUnderstand the different types of multifamily properties:High-Rise: 9+ floors with an elevator, often urban.Mid-Rise: Smaller than high-rise, usually with elevators.Garden-Style: Low-rise apartments in suburban or rural settings.Walk-Up: 4–6 stories without elevators.Manufactured Housing Communities: Mobile home parks where land is leased to homeowners.Special-Purpose Housing:Student Housing: Designed for college students.Senior Housing: Dedicated to older adults.Subsidized Housing: Affordable housing supported by rent and income restrictions.3.

• The “Tour Guide” makes the opposite mistake: they spend all their time pointing out flaws and justifying a low offer.

And as I explained earlier, your investment is protected by real property, so your risk is extremely low. 

These range low 500s to the mid 600s.  

A few small touches, like high-quality linens and a welcome guide, can make a big difference. 

Years ago it was finding quality tenants.

If there is a property manager, your success rate is going to be very low.   

Fees are really low too. 

And the GP got cash, and low reported gain.  

Here's some basic copy & paste info that may help you make better investing decisions:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?