The main reason for a seasoning period is to be able to use the new appraised ARV value.

If you have an old leaky roof, patching it (maintenance, include in NOI) does not improve the value at all. 

Instead of implementing a first right of refusal, there should be an option to buy their homes from them at a fair market value/paying to move their homes elsewhere or give them the first right.This is the real issue, we are not protecting tenants by solely giving them the first right of purchase.

And number 3, there is value in extra parking!

Fast forward a couple more years and the value went up again so I did a cash out refi and used the gain again to buy another rental property. 

Huge proponent of the BRRR strategy, renovating to add value or even purchasing land and building something from scratch and building equity. 

This can add to your expenses, but can also help streamline the management process and increase the overall value of the property.Additionally, larger apartment buildings may come with more regulatory requirements and tenant issues to navigate.

Let me know if you have questions.Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 3-5 points(%) of loan amount (Most Deals are 3 points(%)) - $2500 minimum fee Minimum Loan Amount: $75,000 Max Loan: 65-70% of After Repair Value(ARV) 100% Rehab Financing Available (Most Deals require 10-20% of purchase price down or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 7-10 business days)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Recognize the demand for multi-family units, rental prices, vacancy rates, and property values as of right now.

So while you may not see a gain in value over the next two years, over a 10-20 year span you would typically see excellent growth.Also unlike the last five years where operationally the operator could be awful but saved by appreciation, today it is all about the asset management.How can you reduce costs, are there ways to add amenities to increase rents.