I've financed ~600 multifamily units across 3 large apartment complexes located in the Dakotas (Williston, Dickinson) and Wyoming (Gillette). 

It is a pretty nuanced approach that is difficult for investors due to many of these condominiums having rent restrictions. 

-Townhome and condominium sales rose 5.5% with 422 units sold.

However, the properties in question were condominiums, and it might have played a role.

Rather than forcing a small multifamily or four-unit condominium structure, it may be worth considering four side-by-side single-family homes if zoning and lot configuration allow.

The property is a studio apt. located in a condo complex.

I'm not sure if it's these guys specifically but people are paying $5,000 for some S8 guru.It's insane.Section 8 is not complex.

Quote from @Dana Yobst: Quote from @Julio Gonzalez: @Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

That’s not just them being conservative, operating a larger multifamily can be complex, and if someone doesn’t know what they’re doing, it’s very easy to end up with unexpected capital calls, debt issues, or tax bills that wipe out the upside.Multifamily also usually isn’t how investors get their start unless they already have capital.

Also no.But you’re speaking with people who already raised their hand.People who want to have a conversation.People who are open to solving a problem.That accelerates learning.You get better at:Talking to sellersUnderstanding motivationSolving real problemsStructuring real dealsInstead of spending most of your time fighting for someone to stay on the phone.At the end of the day, this business pays you for:Talking to sellersGoing on appointmentsBuilding relationshipsLocking up contractsEverything else is mostly busy work.Busy work feels productive — but it doesn’t generate revenue.Cold calling also adds complexity beginners don’t need:List pullingSystem setupTool managementCompliance concernsConstant rejection managementYou’re already learning contracts, numbers, negotiation, and market dynamics.Why make it harder?