How a Single 18-Unit Deal Sparked a $ 100 M+ Multifamily Journey

Corey Muldrow
M&A | Multifamily Operator | $100M+ Assets

September 3, 2025

I used to put people to sleep for surgery. Now I wake up to deals.

Before we ever owned a single door, Candice and I had built our lives in entirely different worlds. She worked in Texas television, shaping stories and leading teams. I was in the OR, managing airways and critical care, earning my Doctorate from TCU, and building an anesthesiology consulting practice that I still run today.

We joined a mentorship group and bought our first single-family rental. Then another. And another. We started investing passively in multifamily deals. We watched how others operated. Studied the business. Learned the game.

In 2017, we did. We bought our first multifamily property, 18 units in Arlington, Texas.

The place was tired. Poorly managed. It needed everything.

• Fading paint and neglected exteriors that killed first impressions

• Patchy landscaping with no curb appear

• Low rents in the $700s, well below market value

• High turnover and a transient tenant base

• Zero brand identity is just another forgotten building on the block

• No systems in place, management was reactive, not proactive

But we saw the opportunity. And we got to work.

Not with magic. With a SYSTEM built through necessity.

We didn’t know everything, but we knew enough to ask the right questions. So we built workflows. Checklists. Communication loops. We created a structure where there was none. Just like in the OR, every role, every action, every minute mattered.

We kept showing up. Over and over.

And it worked. Rents rose. Retention stabilized. The property turned. We beat our three-year pro forma in twelve months. When we exited, our investors won, and so did the community.

That 18-unit wasn’t just our first property. It was the blueprint.

And the system we forged there? We’ve sharpened it deal after deal.

That scaled from the first 18-unit to 102, then 256. Today, M Group Capital manages nearly 1,000 units and over $100M in assets.

Want to know how one tired 18-unit became the foundation for a $100M portfolio while I still practice medicine?

See the full formula here → REVEAL THE 100M+ FORMULA