Columbus, Dayton, and Pittsburgh all have strong fundamentals for small multis, and I like that you’re also considering Midwest secondary markets like Fort Wayne and Des Moines — those often deliver stronger cash flow than the bigger metros. 

If you do the math the analysis supports this on a probabilistic basis.

On paper, the math works, but in reality vacancies, repairs, and turnovers eat into those projections faster than expected.

If the lenders loan roll is full of defaults, the secondary market stops purchasing the notes, which in turn puts the lender out of business.

Sometimes it’s better to let the math tell you what to do than pride.

The issue is, there is a LOT of math that goes into this and I am having difficulty weighing the pros and cons.

I live in Hawaii, where none of the math looks like it will make sense to invest here.

That's a lot of $$....can't a property owner just separate the assets themselves if they are savvy, good at math, understand taxes, etc....?

Always great to connect with agents who understand ARVs and investor math.

Today you’d be trying to refinance at rates 3-4% higher, or double what they are today, whichever way you prefer to do the math.) would it make money, and would a bank finance it today for 9%?