I have a 21 unit and a 12 unit multifamily from the same seller ready to buy in Chicago.
My partner and I will manage the LLC, manage our professional property manager and reposition these two assets by taking them to market rents after financing and turning over each unit with upgrades and improvements via a construction to perm loan. The lender is a local Community lender, my partner is 10 minutes away and the manager has almost 1000 units under management now.
We have LOIs on both with this seller and can go to contract quickly.