Look for someone who can help you manage your flips efficiently, but even more importantly, has the expertise and bandwidth to plan for growth and keep your taxes optimized as your portfolio expands.As for the S-Corp, Logan’s right.

My partner and I are evaluating an 8-unit multifamily property and trying to determine ARV, but there are no truly comparable sales in the immediate area.Current NOI is approximately $70k, and based on underwriting, we believe we can increase NOI to around $85k through rent optimization and light cosmetic rehab.Our questions: Is ARV essentially calculated by applying a market cap rate to the stabilized NOI (i.e., Value = NOI ÷ Cap Rate)?

From what I’ve seen, market choice and operations matter way more in the beginning than most people realize, and they usually move the needle more than fancy deal structures or over-optimizing financing.

*This figure does not factor in CAP X & Repairs*Big picture takeaways:Your 1.2× rent-to-payment target is solid, but often requires:Flexible location criteriaWillingness to manage or house hackBuying slightly below “turnkey” condition or optimizing rentsThese deals are rare, but they still exist in the right pockets.Similar properties I’m seeingIf you’d like, I’m happy to share: How I underwrite these deals,Lenders who are comfortable with 5% down on small multifamilyFeel free to DM me and I’ll send details over. 

Deal inflow from multiple people, working with someone on ground is nice to manage the deal inflow, do virtual showings, help validate numbers, provide comps, tips/coaching/consulting on best things to do, connecting you with bankers/lenders, insurance agents, construction workers, handling leasing, property management, then handling ongoing maintenance, optimization, and performance goals.

There really isn’t a right or wrong answer here it mostly comes down to what you’re optimizing for.Are you trying to build long-term wealth through real estate, or are you more focused on rolling equity into the next home for lifestyle reasons?

I’ll just add a few perspective-level thoughts that may help you cut through the noise and actually move forward.First, be careful not to over-optimize the decision.

Before selling at a loss, I’d also explore small levers like HOA-rules-permitting midterm rentals, employer housing, or optimizing lease terms to push rent slightly higher.

Quote from @Terrence M Brannon: Quote from @Garrett Cuppels: spent $15 on a book about Airbnb rentalSkip the Flip by Hayden Crabtree which was freeHow To Start A Profitable Airbnb Business in 4 Weeks: Optimize Your Profits and Go From Side Hustle to Passive Income With Minimal Effort What book did you buy? 

Aim for roughly a 10–20% increase in ARV through high-ROI items like kitchen and bath refreshes, flooring, paint, fixtures, curb appeal, and rent optimization.