Investors are positioning ahead of the release of backlogged economic data, including the September jobs report, and monitoring Fed commentary.

Additionally, investor-friendly policies, including no state income tax, enhance appeal for out-of-state buyers.However, pushback on investing in Texas often centers on market-specific risks.

Funds were furnished to CALM by investors, including Mike Begovich and Steve Lillie and Karen Haddigan.

My goal is to acquire a solid, cash-flowing asset where I can learn and grow as a buy-and-hold investor.I’m also interested in connecting with experienced landlords or property managers who can provide guidance on properly managing small multi-family units—including tenant screening, lease structuring, maintenance workflows, and long-term asset management best practices.What I’m looking for:2–4 unit propertyLocated in NJ (open to several markets)Long-term rental holdValue-add potential is a plusAbility to self-manage with mentorship or guidanceOpen to:Connections with local lenders, brokers, and contractorsIf you have any leads, advice, or would like to collaborate, I’d love to connect.

Hi Malachi,  the key concepts to understand include the difference between residential multifamily (2–4 units) and commercial loans for 5+ units.

Including a driveway and part of a detached garage.

Things that make this up include Financing, Location, Purchase Price, Rehab Costs, and Risk (and others).

Location: Glenwood Springs, CONotable employers in the area include Valley View Hospital, Colorado Mountain College, and Aspen Ski Co.

If average stays are under seven days and you materially participate, losses from that unit including depreciation can offset W2 income.

Ward III Really great checklist, completely agree that readiness drives confidence with lenders.A few elements we’ve found helpful to include as well:▪ Sensitivity analysis on DSCRJust a quick look at how the deal holds up under different rate or OpEx scenarios.Shows we’re realistic about what’s changing in the market.▪ Institutional OpEx benchmarksA one-liner that ties expenses to actual operator averages helps align expectations early.▪ Brief risk/mitigation bulletsDoesn’t need to be heavy, just shows we’ve already thought through the downside.Those couple of additions have made conversations with lenders much more efficient on our end, especially when moving from preliminary interest to real underwriting.Appreciate you sharing this, would definitely like to take a look at your full checklist PDF as well.