Buying A Multifamily Investment Property May 2026

Six months earlier, Leo had naively walked into a broker's office with dreams of a turnkey, pristine building in a trendy neighborhood.

It was a mess. The owner was an absentee landlord living across the country. Two units were rented way below market value to tenants on month-to-month leases. The third unit—this one—was vacant and smelled of stale cigarettes. buying a multifamily investment property

But the location was perfect. It was three blocks from a brand-new light rail station. Six months earlier, Leo had naively walked into