So if you are talking about buying a 6 to 20 unit building I would stick to Abilene.

It was going to be a new build.

I’ve had a tenant through Airbnb which has extended her stay twice (each a month) and has been giving feedback as to how great it’s been.I come to find out (via a lead paint inspection and going down to check on the property) that she is 100% doing rental arbitrage which was not approved by me.

Did you underwrite the old/worn appliances and structure during your inspection?

When speaking to the owner (building rapport), your main goal is to figure out which of these main 3 is most important to them.

Landlords in NJ are required to have their rental properties built prior to 1978 inspected for lead based paint  by July 22, 2024 per a Phil Murphy signed law in 2021. 

🚲💼❤️Even with 40 years in real estate, I felt the same way about buying my first apartment building.

Hi- Does anyone here have any experience in buying a project based Section 8 building, we are in middle of some negotiations. 

By having more tenants there are more eyes to watch for issues that may pop up, more people paying rent, and if you have one of the units vacant for a bit, it will not hurt the bank as bad as it would if you only have two tenants in the building and one of them left.   

After purchasing done they did inspection without letting us as we were not there they did not able to check backside of house because fence is locked.