Case Study #01
South Side San Antonio, TX
Single-Family · 3 bed / 1 bath
Acquisition price$87,500
7.8%Cap rate
9.2%Cash on cash
Rent / mo
18 mo+Hold
Tired LandlordThe situation
Seller had held this property for 11 years. Non-paying tenant, deferred maintenance, and no appetite for an extended listing process. Closed in 14 days.
The outcome
Tenant removed through cash-for-keys. Interior refreshed in 3 weeks for under $8,000. New tenant placed at market rent within 30 days.
Case Study #02
Northeast San Antonio, TX
Duplex · 2 units, 2 bed / 1 bath
Acquisition price$124,000
8.4%Cap rate
10.1%Cash on cash
Rent / mo
24 mo+Hold
Pre-ForeclosureThe situation
Owner was 90 days delinquent. Both units occupied at below-market rents. Needed a fast close to avoid foreclosure and protect credit.
The outcome
Closed in 9 days. Negotiated lease renewals on both units at market rents without vacancy. Zero rehab required.
Case Study #03
Northwest Indiana
Single-Family · 3 bed / 1.5 bath
Acquisition price$68,000
9.1%Cap rate
11.4%Cash on cash
Rent / mo
12 mo+Hold
Vacant / EstateThe situation
Estate sale, vacant, dated cosmetically but structurally sound. The estate needed a clean sale without the complexity of a retail listing.
The outcome
Cosmetic renovation in 18 days: paint, flooring, appliances. Listed for rent and leased in 11 days. Indiana continues to outperform on rent-to-price ratio.
Case Study #04
Central Alabama
Single-Family · 3 bed / 2 bath
Acquisition price$72,500
9.8%Cap rate
12.1%Cash on cash
Rent / mo
18 mo+Hold
Off-Market DirectThe situation
Directly sourced from a homeowner relocating for work. Tenant already in place at below-market rent from a prior lease.
The outcome
Acquired with tenant in place. Lease renewed at market rate at the next renewal date. No vacancy, no rehab.
Case Study #05
Atlanta Suburbs, GA
Townhome · 3 bed / 2.5 bath
Acquisition price$148,000
8.2%Cap rate
9.6%Cash on cash
Rent / mo
12 mo+Hold
New Construction ResaleThe situation
Builder close-out unit with a corporate tenant already in place. Seller needed to liquidate quickly.
The outcome
Acquired with long-term corporate tenant and existing management. Genuinely passive from day one. No work required.
Case Study #06
Northern Ohio
Duplex · 2 units, 2 bed each
Acquisition price$89,000
10.4%Cap rate
13.2%Cash on cash
Rent / mo
18 mo+Hold
Value-AddThe situation
One unit occupied at below-market rent. One unit vacant and needing light refresh. Strong rent-to-price fundamentals.
The outcome
Renovated vacant unit in 3 weeks for $9,400. Both units now stabilized at market rents. Highest CoC in the portfolio at time of acquisition.
Case Study #07
East San Antonio, TX
Triplex · 3 units, 2 bed / 1 bath
Acquisition price$187,500
9.4%Cap rate
11.8%Cash on cash
Rent / mo
24 mo+Hold
Inherited PropertyThe situation
Three heirs inherited from a parent's estate. None wanted to manage it. One unit occupied, two vacant. Probate had cleared.
The outcome
Closed in 16 days. Renovated two vacant units. All three leased within 45 days of acquisition.
Case Study #08
Indianapolis Area, IN
Single-Family · 4 bed / 2 bath
Acquisition price$94,000
9.7%Cap rate
12.4%Cash on cash
Rent / mo
16 mo+Hold
Code ViolationsThe situation
Active code enforcement citations, electrical and exterior issues. Traditional buyers could not touch it. Seller had been stuck for 8 months.
The outcome
Resolved all citations post-closing for $14,200 total. Placed a tenant within 3 weeks. Clean title, strong returns.
Case Study #09
Central Texas (I-35)
Duplex · 2 units, 2 bed / 2 bath
Acquisition price$138,000
9.1%Cap rate
11.2%Cash on cash
Rent / mo
20 mo+Hold
Divorce SaleThe situation
Both parties needed a clean exit with equal proceeds. Property was tenant-occupied. Neither party wanted to manage through a traditional sale.
The outcome
Coordinated with both parties and their attorneys. Closed in 11 days. Tenants remained in place. Both units at market rent.
Case Study #10
Northwest Indiana
4-Unit Apartment · 4 units, 1 bed each
Acquisition price$165,000
10.7%Cap rate
13.8%Cash on cash
Rent / mo
Held ongoingHold
Portfolio ExpansionThe situation
Seller was a retiring landlord with four units in the same building. All below market rent, no deferred maintenance.
The outcome
All four units in a single transaction. Renewed all leases at market over 6 months without vacancy. Highest-performing Indiana asset.