Off market deal through a broker who knew we could close in a short time.

If it’s paid off, ignore this part. 3) I did my first 1031 last year with Dave and I haven’t looked back.

It looks better than my first fix & flip I'll tell you that.

Pretty nerve racking at first but certainly worth it in the long run.Are you just beginning your search for a potential small multi-family or do you already have a property identified/purchased?

Builders have pulled back sharply due to high financing costs, tighter bank lending standards, and overall market uncertainty.At the same time, rental occupancy remains solid.RealPage reports national Class B and C occupancy rates are holding firm above 94%, as renters continue to seek more affordable options amid economic pressures.

@Stacy Candeias what we all have 100% control over is COMMUNICATION.Seems to be lacking in this case.So, might be time to explore other options and do BETTER SCREENING!

At 96.5% LTV, the return from appreciation is 28 times the appreciation.  

As lenders over the years we all get these.. folks shopping for cheapest money first or through broker daisy chains.. then boom their time line runs out and then we get the call. 

Buy their equity over time with no intrest. 

Hi Gabby, congrats on your first rental—exciting step!