Usually, code violations or lack of permitting, but they can really add up if all renovations or upgrades over time were done without permits.

I understand the market is competitive everywhere, especially in MFH but it’s a great way to start everything out. 

The forum is great but lacks that quickfire open dialogue and fun of the meetup. 

My goal in my market is to destroy you, creating a one-world monopoly where I own all the best properties and have a line of individuals humbling begging for tenancy 🤣 ; barring that outcome, the next best one is one where I still stand above the competition because I have better properties, better rates relative to those properties and better service than other landlords.

Lack of employment for him while not saying he doesn't have a job. 

@John Hamm I can’t speak to Cleveland but the Atlanta market right now is extremely competitive and prices have gotten insane, it’s doable but it might be worth looking at other medium sized cities around Georgia.

@Lallu Tappu  Small and large apartments seem to be just as competitive as single family unless you have the cash to buy super distressed properties.Always worth a look.   

Hey Matt, you know what they say - don't wait to buy real estate, buy real estate and wait :) Multifamily is definitely super competitive and expensive in most markets.

I prefer to get an appraisal done so I can borrow through FNMA but lack of access is hampering that plan.

You might find something listed for less but competitive buyers drive the price up.