I'm in negotiation with a couple of multi family apartment owners.

So I’ve locked in an affordable QUALITY contractor to be a part of my team, and from everything I’ve learned on BP, people and your team are key in being successful.

So a 40 unit MF complex you could easily manage without having on site management but getting into the higher unit counts you almost have to.

Never done a BRRRR but doing flips and long term commercial and apartment rentals, all in California.  

I recently closed on a 4-unit multi-family complex in Oakland, CA.

“I wanna buy a multifamily” is different than “I’m interested in 10-20 unit apartment buildings for $800K up to my pre-qualification limit of $2.3m” which is different from “I wanna house-hack a triplex” which is different from “I’m looking for a seller who is willing to owner financing a deal with zero money down”.

I own a partnership Llc and I want to buy a small apartment building with some of the profit.

As you can see this adds a lot of complexity that I personally don’t think is worth it for the small time investor By time you get to commercial properties you’ll need an llc then anyways

Turns out if I had a partnership this would be more complex, but since I’m transferring title to my single member LLC they’ll still recognize the insurance if needed.

There may be a long-term condo/apartment housing glut in the next 5yrs, but i don't think short-term rentals will be affected in quite the same way...Re. inventory vs. zero job growth:  Yes inventory is increasing, and yes job growth isn't breaking any records.