I’m originally from Ohio and looking to diversify into the Columbus/Dayton market.I’m targeting stabilized 4+ unit multifamily between $800k - $2M (no heavy rehabs) in Grandview Heights, 5th by Northwest, German Village, and Short North.

Pull a lot of targeted list. 2.

I’m flexible on price per door depending on location and condition, though I’m primarily targeting strong cash flow and a 14–16% IRR range over a 5–10 year hold.I’m open to markets like Wylie if the fundamentals support stable long-term growth. 

I’d like to make this a win-win: give the seller their target cash while keeping financing affordable enough to cash flow.

Next move: define one target submarket and a buy box, then run five real listings through a basic cash flow calc to see what actually pencils.This guidance makes a lot of sense and gives me a clear path forward.

Ok, so now you have your target asset, physically distressed.

Our target price of the investment is between 150k and 450k for new construction or year 1985 to 2025. 

At $600K, the numbers only really work if you can differentiate with design, amenities, or targeting longer stays.

Quote from @Christopher Rubio: Quote from @Drew Sygit: @Christopher Rubio Section 8 really should be targeted for Class C properties.We manage almost 100 S8 leases in the Metro Detroit market.While S8 may address tenant nonpayment issues, there are other challenges with tenant-portion of rent payments, tenant damages, dealing with S8 Annual Inspections and dealing with the nonresponsive caseworkers (underpaid & overworked).It also does NOT pay more than market rent.

It’s a townhome located near a major medical area, so I’m targeting traveling nurses and other professionals looking for 1–6 month stays.