In our first year, we closed 173 units (then Covid hit, so it slowed down our acquisitions), 2nd year, we closed 236 units, and now we're using the same syndication model to invest in Texas Vineyards - while still pursuing more MF deals.

Once we move out of the property we will hit the 1% rule!

At the end of every meeting, ask for 2-3 people that they think you'd learn a lot from and hit it off well.

The amount of construction upgrades you will be hit with is not worth using an old frame, roof, and foundation and that seems to be all you are keeping. 

Gary Gary they hit us from every angle.. 

Ya know Section 8 and that sort of thing.But now we're going to be hitting the luxury space with our Short Term Rental business line so it's going to be a major change of pace from our normal operation of being the Section 8 beasts that we are.

I fully agree.You can't hit the easy button.

Put 20% down, have family co-sign ( their security is in the 20%, so if the house is repoed or i fail to make payment they can sell it and loose up to 20% without taking a hit ), and eventually remove them from the mortgage.

We used to be able to hit 1% rule deals all day on the MLS, but the prices for those types of homes has gone up significantly over the last 18 months. 1% rule deals now are generally going to need some work. 

If you both sign for the loan, it hits both your debt to income ratios for future purchases for the full amount.