Debt service coverage ratio—traditionally the gold standard for predicting maturity risk—has given way to debt yield as the more telling indicator.

- How comfortable are you with leverage (ie, buying cash, getting loan)?

Once comfortable, moving into small multifamily or a BRRRR strategy can make sense, especially if you want both cash flow and appreciation.Your handyman skills are a huge bonus—it’ll save you money and help you better understand renovation timelines and costs.

If you’re flipping, you’ve got to make sure there’s enough spread between what you’ll have into it after repairs and what you can sell it for, so you’re not working for free.It sounds like the location and tenant situation are strong, but with that much potential work, you’ve got to be comfortable walking away if the numbers stop making sense.

It’s been a great business (sorry, Dan, it’s a business) with strict rules that are easy to follow, and it has allowed us to retire comfortably.

It keeps your personal finances safer and can give you more flexibility for future deals.If you’re comfortable with a little rehab work, a smaller property with HELOC funds could work too—but it comes with more hands-on risk and effort.

I’ve been able to connect with investors who are comfortable with solid returns on well-structured deals.If you want to swap notes on finding deep-pocketed individuals willing to lend, feel free to connect 

Consult Experts: Consider a wetlands expert or radon specialist for clear implications.Review Contract: Understand your remaining contingencies with your agent (and attorney if applicable).Trust Your Informed Gut: Combine your intuition with concrete data to make the best decision for your budget, time, and comfort level.This is a big choice; take your time to be confident in it.

As indicated it is a tough market so in this market, I consider this pretty good in a location I want to own.  

Any recommendations for investor-friendly agents who are comfortable working with an out of state investor in the small multifamily space?