At this time I've raised the rent roll to $42,000/month.Current Bank Debt5 year fixed rate term @ 4.25% 25 year amortization with maturity date of January 2027Net Cash flow after debt service $174,520.00 Loss to lease $5,104.00/month (will chip away at this on a monthly basis)Agency debt refi (freedie)Cash out $730,000.00 and own 1 outlier 4 unit free and clear (value of outlier $450,000.00)10 year fixed rate term @ 5.85% 30 year amortizationNet cash flow after debt service including the paid off 4 unit $104,137.16Loss to lease $5,104.00/month (will chip away at this on a monthly basis)Looking for some input from other multifamily investors.Thank you!

Blue Chip Apartment How did you finance this deal?

And land deals are going quite well also. but thats just our little tiny slice of market segments.

It was great but I ultimately decided I'd rather be a bigger fish in a smaller pond (RI) than a tiny fish in a huge pond (NYC).I am intimately familiar with all 93 exits on Rt 95 in Connecticut, however, having made that drive many times :)My usual advice is to invest as close to home as possible but obviously that's not going to work for you.

If all the chips fell into place before then I think I would take the chance though lol.

A few days ago my wife and I finally put in our first offer on a tiny 2 bed, one bath house.

I am teeny tiny compared to many other Las Vegas investors and am admittedly a little lazy so I am just exploring markets where I am able to make offers without financing contingencies.

I've been chipping away for 4 years with no luck.

It's our primary residence, and we also rent out one of the rooms to a friend, so we're getting a tiny bit of landlord experience too. :)We're primarily interested in single and small multifamily homes to hold as rental properties.

@Esra KanisicakGo to IREM.org search for ARM certified property managers they handle the smaller properties.Deputize the neighbor to keep an eye on things with $50 worth of wood chips for them.Stock up on aspirin if you do it yourself from a distance.Good luckPaul