Hello Bp community,
I have owned single family houses for many years and am now interested in transitioning to multi family. I'm looking in cities with anticipated hi appreciation, like Orlando and Nashville. The cap rate calculations seem pretty straight forward and the rental comps seem easy to verify. I certainly will do a thorough boots on ground investigation of the neighborhood and the building itself.
What else should I be looking for?
What else should i be ready for?
Hows your experience with management companies?
Please share any blindspots/obstacles/pitfalls you've experienced pre & post purchase.
Also all advise is welcomed.
Thanks for your support