We have an extensive portfolio in the 5 College area of Western MA and are considering opening a few to rent by the room instead of as a whole. 

Considering we live in Missouri, I decided to run a free search on CaseNet, a system in Missouri that lets you search for legal records - low and behold, I found our mew tenant and he had an EXTENSIVE criminal history dating back a couple of decades.

2022 was VERY poor time to invest in Multifamil, in spite of EXTENSIVE experience and what appeared to be conservative underwriting.

Feel like everything Ive seen falls into 1 of 3 categories: overpriced for the product it is/ poor condition, extensive deferred maintenance/ bad neighborhood.

Specifically: lender agrees to 90-120 day extension on payoff if you need it, or build in contingency funding.

I purchased a distressed property from my contact at a neighborhood bank, The best jobs I have gotten have all been through my extensive list of friends/colleagues.

The kind of title policy that they issue expires in 6 months and if you want an extension then the work has to be re-done for more $$$.  

In recent years, however, the region has begun attracting more attention from real estate investors looking at long-term demographic and economic trends.Several factors are converging at once: population migration from coastal California, tourism growth, infrastructure investment, and continued demand for housing in lifestyle markets.For investors evaluating new markets, the Coachella Valley offers an interesting case study of how regional economic forces can shape real estate opportunities.Migration From Coastal CaliforniaOne of the largest drivers of housing demand in Riverside County is migration from higher-cost coastal markets.Many households relocating to the Inland Empire originate from:Los Angeles CountyOrange CountySan Diego CountyAs housing costs in those areas have increased significantly over the past decade, inland markets have become attractive alternatives offering larger homes, warmer climates, and a different lifestyle.Population projections estimate Riverside County could grow from roughly 2.4 million residents today to more than 3.6 million by 2060, making it one of California’s fastest-growing regions.The Coachella Valley—home to cities such as Palm Springs, Palm Desert, Indio, La Quinta, and Rancho Mirage—captures part of that migration because it offers a unique combination of lifestyle amenities and relatively attainable housing compared with coastal California.Tourism Remains a Major Economic DriverTourism is one of the primary engines of the local economy.Several major annual events attract large numbers of visitors to the valley each year, including:the BNP Paribas Open tennis tournamentthe Coachella Valley Music and Arts Festivalthe Stagecoach country music festivalthe Palm Springs International Film FestivalIn addition, the region has more than 125 golf courses, resort casinos, and extensive outdoor recreation opportunities.

Feel like everything Ive seen falls into 1 of 3 categories: overpriced for the product it is/ poor condition, extensive deferred maintenance/ bad neighborhood. 

Improvement studies make sense if your renovation is very extensive or you don't have itemized invoices to really break out the assets/improvements/components.