If you’re targting properties in historic areas like Lincoln Park, be sure to budget for unexpected maintenance expenses, as older buildings often require more upkeep.Incorporating 1031 Exchange StrategiesIf you’re looking to scale your investment or defer capital gains from a previous property sale, consider utilizing a 1031 exchange.

The easiest way to be successful in real estate is finding someone doing what you want to do at a larger scale and more of less, copying their recipe.

The job could have scaled up and he went forward without communicating with you which is a big no no and may be he should eat some of the costs due to the miscommunication.

The BRRR method is a favorite for scaling, and I’m sure you'll gain a lot of valuable insights as you make that transition.

By reducing your tax burden of your W2 while also reaping the benefit of the short term rental cash flow, you may be able to free up more capital to scale more quickly.

With over 20 years in the business and managing 30 properties, here’s my take: I wouldn’t go for multifamily units unless you're looking at 50+ to get the economies of scale.

If you're familiar with QBO, you can perform certain tasks at scale that the other software lack.

Cash-flow is great when you're looking to scale unit count more aggressively and appreciation is better for steady long-term gains and wealth building. 

This budget should secure you a closed deal.With that one deal, you’ll have more money to reinvest in marketing and get three more deals.With those three deals, you’ll have enough marketing budget to get seven more deals—all the while, you’re working on SEO so your site ranks #1.With seven deals (let’s say each deal brings in $10K in profit), that’s $70K, plus any leftover budget from previous deals you didn’t spend on marketing.Now, it’s time to think about scaling.

If they don't actually own anything here, it's likely they will tell you advice that just doesn't really apply to the market or they won't understand which neighborhoods are what (neighborhood grades and street by street as they change).