Kay, condos and townhomes have different exit curves than SFRs, and that changes your whole acquisition strategy.

Then, on top of that, they are rushing and don't have a clear scope or want to make major scope changes mid-project. 

Ya know, I think our boy Bobby / Kyle Stroker really thought he was throwing heat with this post.Thing is, if he had ever "Radically changed the Local Housing Market" he wouldn't have to film himself tugging the ole' johnson for lunch money.

If a landlord is literally on a state line and an eviction occurred in the next county over, they’re almost guaranteed to miss it.For income verification, I’ve had to change my strategy to verify through an open banking connection instead of physical documents.

I spend a lot of time running numbers on small multifamily deals (mostly 2–4 units in PA and NJ), and one thing I’ve noticed is that many deals look great at first glance but start to fall apart once you run them through realistic financing assumptions.One quick thing I’ve found helpful is checking the DSCR early before getting too deep into the analysis.A lot of deals get underwritten assuming current rents and current taxes, but once you account for things like tax reassessments, vacancy, and realistic operating expenses, the ratio can end up much lower than expected.I’ve seen situations where a deal looked like it would cash flow comfortably, but once the numbers were adjusted the DSCR ended up below lender minimums.It doesn’t necessarily mean the deal is bad, but it can change how it needs to be structured.Sanity-checking the financing side early helps avoid spending a lot of time analyzing deals that ultimately won’t fit within typical lending guidelines.Would be interested to hear how others here quickly determine whether a deal will actually finance before getting too far into the numbers.

Those can change the numbers quickly.Overall though you’re thinking about the right things.

The buying market has changed significantly due to the war in Ukraine and an influx of foreigners and money into the country - that also led to a short term surge in the STR space.Our personal situation has also changed more recently — we now have a young child, and our priorities have shifted slightly from pure growth toward a bit more stability, risk management and financial freedom.

The GC’s original bid didn’t account for structural repair, and the investor was staring down a costly change order.Here’s what we did:- Brought in a structural engineer the same week for quick specs.- Negotiated the repair scope with the GC to keep pricing tight.- Got approvals and work underway within 5 days, minimizing schedule slip. 

If a phone call has to happen before money moves you do not have a direct lender.Who holds and services the loan after closing with authority to modify it if something changes.

We're looking for ones that allow you to remotely change the combination code for security / safety.