They also stated the first unit needs some cosmetic work.The most recent comp on the street was $350K (2 mo ago).What’s the best way to respond to their message with the asking price, given this large gap?

What is showed was the best cash flow markets over the long hold aligned closely with the best appreciating markets. 

That said, if asset protection is a priority, or you're planning to scale, it’s worth speaking with a local attorney or CPA to make sure it aligns with your strategy.Also, if you’re investing out of state, you’ll want to consider landlord-friendly laws and how your entity is treated in that state—it might be more beneficial to form your LLC where the property is located, but that’s not always necessary.

Team up with an agent or local partner who’s in it with you — not just in it for one check.I’ve seen how big of a difference it makes when the agent is aligned with the investor’s success.

Their guidance can help you align your strategy with your goals and risk tolerance, saving you time, money, and unnecessary stress in the long run.Wishing you great success as you build and grow your investment portfolio!

Even in Orlando, there are pockets where multifamily makes sense and STR or mid-term rentals (like traveling nurses or corporate stays) are allowed or easier to manage.Another strategy some investors use is targeting "condo-like" townhomes without large HOAs or deed restrictions, they often offer similar affordability without the downsides.Ultimately, Orlando still has great demand drivers (tourism, population growth, job market), so it’s all about aligning the property type and area with your investment goals.Happy to dive deeper if you have specific properties or zip codes you’re considering!

Do the GAI is only a component and not the only source of truth.

Seems like you got several answers that align with mine - I wouldn't consider messing with that popcorn ceiling.What part of Chicago is your property in?

Trying to connect with investors here in San Diego and possibly align with a property management angle.

@Rene Hosman the answer to your question will have a lot more to do with your goals and if the market aligns with them.