The 6–12 month roadmap (simple and doable)Months 1–3:• Build reserves• Research markets• Talk to 2–3 lenders• Learn the basics of analyzing multifamily dealsMonths 4–6:• Get preapproved• Start touring properties• Narrow down your market and price rangeMonths 6–12:• Make offers• Lock in financing• Close on your first property• Move into one unit, rent out the othersEvery month has a purpose, and none of it requires rushing.

Getting the noose off the sellers neck without forcing him out and basically admitting financial and personal defeat is a lot more refined.

I'm basically trying to figure out what price point would allow me to at least break even the first year when figuring income (rent, laundry, etc), expenses, loan payment, etc.

I transitioned from the middle service (annual) to the most basic service (monthly) a month ago.They charged me an extra fee for their inspections services- which I never asked for and did not want.

As long as you keep vacancy low, your tenants are basically buying the property for you.

It basically makes sure you never miss another motivated seller.

No point analyzing a deal if the fundamentals don’t line up.Your extended list hits basically everything I’ve been paying attention to lately.

Hi @Maya Jones, It sounds like you’re dealing with two separate issues: what you're actually responsible for, and what the tenant is trying to push onto you.Electrical issues that cause tripping or shorting are typically a landlord responsibility because they fall under basic habitability and safety.

Quote from @Shakur Granger: Hey Charlotte, I definitely get what you’re saying North Carolina’s due diligence system feels backwards at first, especially if you’re coming from a state like Florida.You’re right: the DD money is basically “free money” to the seller, which makes you feel like you’re taking all the risk upfront.Here’s the thing though  the leverage isn’t gone, it just happens before you write the offer, not after:1️⃣ You control how much DD you offer.If the house looks questionable or has missing disclosures, you absolutely don’t have to throw big DD at it.

If you’d like, we can also hop on a quick call and I can walk you through the basics.