The hunt for MFR's hits a stall

So after almost a year of saving up money and looking for MFR's, we've decided that we'd abandon that idea for the most part.  We've been looking up and down in Memphis and Jackson and haven't been able to come across any deals that get us anywhere near what we were looking for.  We didn't expect to get the same level of cash flow from an MFR that we do our SFR's but the obvious benefits of fewer properties, accounting, mortgages, closings, ease of capital use, etc would outweigh 25% less cash flow.  However, we haven't been able to find any deals that justify the amount of lower cash flow.  Along the way, we kept coming across some really good SFR deals.  We kind of pushed them to the side unless they were great.  Well, we came across a couple of great ones.

While we're not abandoning MFR's, we are no longer looking.  We got feelers out to people that we are looking to invest and if something should come back to us that meets criteria, we'll be all over it.  The opposite of that basically happened with SFR's.  We owned 5 SFR's and of course throughout our first few years, we made contacts, met people, etc.  While looking for MFR's, SFR's kept falling in our lap (without looking).  It's kind of amazing to see that process develop.  When you think about it, we kind of went dormant for a little while.  We had realtors, bankers, etc calling us.  The course of this past year kind of confirms what I've read over the years prior.  Once you're in, you're in.  Maybe I'll write more on it later, but I just wanted to point out how cool it is to see that process unfold.

I've got a few more posts coming about the happenings of the last month or so.  I've got a couple of decent stories coming you're way!