Generally speaking in partnerships, and in all investments, people are looking for the best risk-adjusted returns.

I live in Phx,az and recently friend of mine sold his bank (ex bank of america) literally as is and profiteed $300k  , he purchased it right out cash last year (I think) and it was in real bad shape in a shady part of town,  before him taking possession of the bank  homeless people where living inside it an using the bathroom anywhere in the building, he put maybe less than $5k in just cleaning it up and just a couple of days sold it.Basically the idea is to find super cheap homes in ****** conditions but the price is so cheap that you could still make profit by selling as is, investing as little as possible..

When the city comes after people, they go to the owner.

Most people will not qualify for this, Fannie multifamily is simply not an option for someone new to this asset class.Bank - This is a Texas headquartered bank. 25 year amortization isn't the sexiest, but that's a human-attainable interest rate with very modest points/fees, with a short prepayment penalty.

I plan to initially focus my search for an investment property in that area and would like to get a firm grasp on the management side of things before I dive in looking at properties.I have done a fair bit of Google-fu and can't seem to come up with any hits down that way.

@Collin H. - It is super frustrating how these channel partners systematically take things away and replace them with "paid features". 

As more multifamily hits the market the prices might come down.

It is very normal for people to have second thoughts or get cold feet.

I am trying to figure out if people generally run these are sole proprietorships or through an LLC.

Quote from @Chris Seveney: @Jamie ParkerYou really need to do a more thorough job on the comps and see why did one sell for $150-$190, that’s a huge spread1. 150k, hit the market @235k in  9/2023 sold 2/24 . 3/1 New carpet, Tile bathroom.