25 SF portfolio deal analysis
Came across a portfolio deal of 25 Single family homes for a million. All units are currently rented, most with 2 year leases. Rent rolls look strong. Small houses most 2/1 or 3/2, rents 550-900. Rental income 20k/month. I’m looking at buy and hold for long term renting. I would use a property management company as I’m out of state. After all expenses net profit should be $8000/month. Renovations already completed on all. For those who do package deals how to you decide if asking price is fair? In your experience is this many rentals a bad idea? Am I better to invest that same amount of money in fewer/higher cost properties? How does funding differ when doing a package deal? Thanks for any advice.