Why I will never buy multi-unit real estate again

Apply to work with me directly: https://form.typeform.com/to/m2UtM7yv Is buying an apartment complex actually worth it? In this video I break down the real pros and cons of multi-unit real estate vs single family, then take you out to our $220,000 apartment complex where I walk you through the full story of how we found it, what we paid, what it makes, and the painful lessons it gave me. What's covered: Multi-family vs single family, honest pros and cons How we found this deal and what we learned Full property walkthrough Property management lessons the hard way Complete deal breakdown, purchase price, rent roll, expenses, cash flow My honest takeaway and recommendations This isn't a highlight reel. It's the real story. 📍 Property: 13 unit apartment complex, Oklahoma 💰 Purchase price: $220,000 📈 Monthly rent: $7,800/month If you're thinking about buying rental property or getting into multi-family real estate, watch this before you do. Learn the BRRRR Method for free https://www.skool.com/portfolio-lab/a... Timestamps: 0:00 Introduction 00:20 Pros and Cons (Single Family vs Multi-family) 00:58 Vacancy 2:10 Tenant Turnover 4:29 Value Add Opportunity 6:13 Lending 8:16 Our Biggest Problems with Our Multi family Properties 8:44 Driving Out to The Property 9:22 Property Walkthrough and Story 11:56 How We Funded The Deal 14:24 Remodel + Scope of Work 17:26 Vacant Unit Tour Plus Property Management Lessons 18:223 Nightmare Tenant 22:37 Outsourcing Property Management 23:59 Driving to office 24:29 Deal Deep Dive (Numbers Breakdown) 32:57 Accounting and Bookkeeping Lessons 35:11 Driving Home 35:38 Recap 35:57 Should You Buy Multi-Family or Single Family? 36:54 Why You Should Never Buy Just One Rental Property 37:54 Who is Multi Family Real Estate For? 38:50 What We're Doing After 1,000 Units (Our Exit Strategy) 39:31 The System and Team Behind Our 1,000 Unit Pursuit 40:33 Outro