Thank you very muchLook at a ton of multifamily listings in your target area(s) and the terms will become clear to you.To name a few, you'll want to know the following for each deal you consider:- Gross Rental Income- Operating Expenses- Rent Roll and leases- Vacancy- Recent Improvements and Capital ExpendituresAs the deal progresses, you'll dive deeper into due diligence i.e. home/building inspection, title review, etc.All the best!

1 - open a bank account (simple)2 - don't need a CPA3 - i would not recommend targeting an average dealFocus on deal sourcing and analysis and ignore this spam.

If you share which market you’re targeting or what strategy (BRRRR, flips, rentals, etc.) you’re leaning toward, I or others here can give you more specific insights.

A lot of people try to target 2/3 units with a non conforming unit, lower taxes more rental units but also more risk.

@Vladimir Lukyanov the biggest question you didn't ask is, what are the chances you meet your paper targets?

Use tools like AirDNA or Mashvisor to see real occupancy and average daily rates in your target zip code.Talk to local STR property managers.

I work primarily with investors focused on short-term rental–friendly oceanfront properties, and something interesting has been happening here:Many of my clients are applying a modified BRRRR strategy to dated oceanfront condos — essentially:Buy older, underpriced units in established resorts → Renovate to STR-grade finishes → Rent on Airbnb/VRBO → Refinance after 12–18 months based on new income comps → Repeat with equity pull-out capital.Even though condos can be trickier with financing and HOA dynamics, the math has worked surprisingly well when:The HOA allows STR operations.Renovations target higher ADR and occupancy.The appraisal reflects short-term rental income rather than long-term leases.I’ve noticed this approach works best when you treat each condo almost like a “micro–multifamily” — tracking cash flow, management efficiency, and appreciation just like you would for a small apartment deal.Curious — has anyone else here applied the BRRRR method to condos or coastal properties instead of single-family or multifamily units?

This is unusual as rents typically dip in this time of year.Rentals - Availability by MonthThe number of homes for rent decreased MoM in September, again bucking the usual seasonal trend.Rentals - Median Time to RentTime to rent increased MoM from 24 days to 28 days, but remained healthy especially for the season.Rentals - Months of SupplyThere are only 1.4 months of supply for our target rental property profile.

Esteban, it may be slightly different because I target multi-family buildings, but I always look for a value-add deal with the intention of holding long term.

To keep learning fast, run a simple Noise‑to‑Numbers scan each week: set a tight buy box for SFR/2–4s in your target ZIPs, pull 20 listings or wholesales, score each in minutes on rent potential, condition, and PM outlook, then deep‑dive only the top 10 percent.