35 units. Portland oregon. Acquisition: ~$6.5M Equity Required: ~$2M Debt Structure: Seller financing + private lender participation (low interest, flexible terms) Value-Add Strategy: Implement RUBS, modest unit upgrades, exterior refresh, and solar integration for expense reduction. Cash-on-Cash: 8-10% annualized • Equity Multiple: ~2.0x over 5 years IRR: 14-16% (conservative underwriting) Looking for 2 million plus closing costs