Bringing this one to the group first — 44 units on the Gulf Coast

Got a new deal that's got my attention and I wanted to put it in front of you all before it goes anywhere else.

44 units down on the Mississippi Gulf Coast — and here's the part that's rare: the renovation is already done to the studs. No 18-month construction timeline, no praying the GC delivers, no capex surprises. It's stabilized, 100% occupied, and cash-flowing from day one. That's the kind of setup I actually like underwriting.

A few things that made me dig in: • Buying below comparable sales in a market where new supply is basically frozen • Strong, sticky employment base anchoring the area • A debt structure that lets the cash flow breathe early

You all know I don't bring deals I wouldn't put my own money in. We're not under contract yet so I'm keeping the exact address off here, but I dropped a one-pager below that shows how we're underwriting it.

If you want the full breakdown — the numbers, the assumptions, all of it — drop a "DEAL" below or DM me and I'll walk you through it. Happy to get on a quick call too, link's in there.

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Bringing this one to the group first — 44 units on the Gulf Coast