The economies of scale with a MFH is a great way to accelerate passive long term wealth when strategically implemented.I hope this helps with your decision and if you have any other questions, please feel free to reach out!

You can include a copy of that loan letter with your offers to give the seller and they will have the idea of your capability.The Chamber of Commerce people can give you an idea of future development in your investment area, city building inspectors that have been around a while, and experienced real estate Agents to give you an idea of what to look out for and current economies.  

I get all kinds of answers and basically all of them involve that the REI Investor that makes money, particularly cashflow, is a Good Investor.To expand this concept, we have to look at a few scenarios.The first scenario is when the Economy is doing incredibly well and no matter what property you buy, you will make money.

Rentals units in my opinion are the best way to go because the economies of scale that drives your bottom line.

Gatlinburg's economy is based primarily on tourism revenue, and it's clear that there is a concerted effort by the big fish to rebuild Gatlinburg after this tragic fire, so that's positive.

The obstacle you will face is cost-economy of scale and computerization means it's not much more to manage a 135 home community than a 35 home community.

It's a great city and in my humble opinion(as long as the over all economy holds up) there is a lot of growth left here.

And we have no economy.

I think it's safe to say unless the financial world or the front range economy gets turned upside down, it will cost you more (relative to percentage of income) for your housing in 2019 than it does now.

@Arden Gist locally, there are some big players that are taking a wait and see approach to big projects but I'm not sure if it's really the election or the economy overall that has them sitting on their hands.