First Time- Multifamily units

[Lindsay Fitzgerald]

I am in Naples/Fort Myers/Cape Coral area and just starting to view listings from an agent. Is there a list of questions or things I could use to reference what things to consider when purchasing? This is all so new to me. Also, anyone have any history with sober living situations? Thanks! 

[Kerlous Tadres]

Hey @Lindsay Fitzgerald, from my experience, first look at cash flow, make sure rents cover expenses, and leave some buffer. Check the building’s condition: roof, HVAC, plumbing, and electrical. Big repairs will eat your profits. Look at location and rental demand: schools, jobs, and turnover matter. Ask about vacancies, tenant history, and what upgrades have been done recently.A simple trick I use: walk the property, talk to tenants if you can, and compare numbers side by side. It gives a real feel for risks and upside beyond just the listing sheet.