I put a SFR on the market week before last and had 10 high quality applications in 4 days (and I require completion of a free application before I show a property).

AKA Work-ready.I purchased the home with an FHA loan, and my original contractor (as required by FHA otherwise I wouldn't have used one) underbid the contract not understanding the inflexibility of such a loan.

How can you avoid networking with successfull folks in your own zips?

Network with folks.

If those folks aren't on the lease and they're staying way longer than they should without giving you a heads-up, that's definitely a red flag.

It's also about understanding the market, having folks or a team there that can help you, and making sure it's viable for you personally.If this property checks those boxes, ignore anyone that downplays the returns not being high enough.

There are still areas where you can buy units for $200k/ door but they require a lot of work usually and covering all operating expenses and interest payments can be challenging base on low-ish rent levels in some places.

I am imagining you will require gas, electrical and water to be relocated if you're moving the laundry.

Some states require the lease to name the property owner as the Landlord and the management company as an agent for the owner.

If you are buying in a state that requires the prepayment penalty to be bought out, credit maybe isn't the greatest, it's a multifamily, etc that's going to affect your rate.