If they’re underfunded, you could get hit with special assessments.Since you want to stay local and focus on cash flow, commercial makes sense, but have you considered industrial or flex space?

In our experience, a well-vetted VA can help streamline deal sourcing, initial due diligence, and administrative tasks—allowing investors to focus on strategy and decision-making.In our team, we take pride in hiring professionals who truly understand the nuances of the industry.

With all the resources available today to research and learn about the industry, I’m surprised this “easy money” mindset persists.To me, real estate is far from passive or simple.

I’m aware of local meetup events and FB groups I might want to join and responding to previous forum posts for my region.

Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings 6.

Grocapitus had an ephipany about industry standards? 

Detroit has a lot of real estate investor meetups that you can locate in the events forum here and on meetup dot com.

I have on multiple occasions, once with one of my own properties and a few times for clients been able to not only get the money they paid for a property but also gave them extra money in a total loss (protected the equity that has accrued due to inflation in the industry).  

The industry is long overdue for an overhaul.   

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.