It also regularly puts out deals at low 65% or less LTV, and high 10%+ skin in the game/co-investment, etc.They market under 506B so are prohibited from posting publicly on the Internet and instead function by referrals.

It is our intention to combine our equity and purchase a quadruplex or similar.

I was drawn to this deal because it offered the rare combination of a nearly new property in a rapidly growing area with excellent long-term appreciation potential and immediate rental cash flow.

Run-of-the-mill nice is fine, but to excel, you need to do something different (interesting design, or game rooms, or hot tubs, or themes, or some combination of these or other tactics). 

They will perform search functions (and are actually getting better at it), but that isnt what they are designed to do.

.🧮 Key Metrics to ConsiderMetricTypical Range (Upstate NY)Conversion Cost (PSF)$40–$70Monthly Rent (PSF)$1.00–$1.50Cap Rate6.5%–8.5%Vacancy Rate8%–15%Typical ROI8%–12%Stabilization Timeline12–24 months🔍 Final ConsiderationsBefore moving forward with a conversion project, investors should conduct a thorough feasibility study including:Local self-storage supply and demandTraffic counts and visibilityZoning and permitting analysisBuilding condition and environmental risksExit strategies and management optionsSelf-storage remains one of the most stable sectors in CRE, especially when combined with the cost efficiency of industrial reuse.

That said, a few portfolio lenders, credit unions, or community banks in the local market might be more flexible, especially if you can show consistent income from the land contracts.Another option: bundle 2–3 of your performing notes and refi with a blanket DSCR loan, if the combined value meets the lender's minimum.Also worth connecting with private lenders open to low-balance long-term rentals—they’re usually more flexible on loan size and structure.Would you be open to creative financing or JV structures on future deals?

That will let you rapidly grow your portfolio, If you combine that with the BRRRR method, that should allow you to rapidly keep funding the new purchases without needing to save a ton of money. 

Ideally you're buying property below market value, bringing some cash to the table, and combining it with HELOC funds.

. 📊 MARKET METRICS THAT MATTER Median Price (Single Family Homes): $615,000 - all-time high Active Residential Inventory: 1,548 - highest since Sept 2016 Month's Supply Of Inventory: 2.9 months - the highest since January 2019 Price Per Square Foot: $324 - down from May 2022 high of $336 Time to Sell: Smaller homes are taking longer than larger homes, which is not typical 💡 WHAT TYPES OF HOMES SHOULD INVESTORS BE LOOKING AT The combination of a record-high median home price without hitting the record for price-per-square-foot shows that larger homes are selling.