On the other hand, if the tenant is required to hire a local company for trash pick-up, this house has a long, fairly steep driveway.

Definitely pick Wisconsin.

Instead of generally looking for a multi-family, pick two or three neighborhoods that have the right blend of strong cash flow and moderate risk, like parts of Hilltop or Whitehall.Once you know exactly what streets you want to buy on, it makes finding the right investor-focused agent and property manager much easier because you can find people who specialize in those specific pockets.Good luck with your search!

It is nowhere near Sun Valley prices, yet you are only about an hour and a half away.Accessibility: Despite its rural feel, Mackay is an easy in and out drive from larger hubs like Idaho Falls, Hailey, and Sun Valley.Tourism and Recreation: The area has all the raw ingredients for eco lodges, cabins, adventure tourism, or even a boutique ski operation.

They want contemporaneous records—evidence created at the time the work was performed.What real documentation looks like:• Time logs showing date, specific task, and hours (kept weekly, not recreated at tax time)• Receipts for cleaning supplies purchased the same day your log shows cleaning work• Calendar entries blocking time for maintenance with notes on what was done• Text messages or emails showing you personally handled guest issues• Photos documenting before/after repair work with timestampsThe extreme but effective approach?

It certainly wasn’t to recreate the low-end Detroit cycle from 20 years ago.

I also have some people focusing on lending for construction of Resorts, casinos, villas, beach access/recreation centers/amusement parks, if any of that.Can also do a share of mixed use, or if you have something in your sights that's NNN, can also work off that.

I will probably pick up a last minute booking or two for December so I will hit just under 50% for the year.

The buyer liked it because they picked up an eight-unit property for almost no money down and with long-term financing on the first.You may have to work through hell and hot water to find a worthy lender.But the concept definitely still exists.  

Quote from @Casey Eiland: I’m noticing an interesting shift here in Columbus:• Inventory is finally starting to loosen up• Sellers are getting more realistic with pricing• Rents are still holding strong in most sub-markets• Small multis (duplex–quad) seem to be sitting longer than last year• But good value-add stuff is getting snapped up fastFrom what I’m seeing, it feels like one of the better windows we’ve had in a while to pick up small multifamily, especially anything with below-market rents or light cosmetic rehab potential.Curious what others think, are you being more aggressive right now, or staying cautious until rates move?