The lack of (real) jobs added is definitely a concerning process.

If your property management involves Appfolio, Stessa is probably one of the only platforms that integrates well.I’m not too concerned about double-entry accounting systems, so Stessa’s simplicity is actually a plus.

- **Reassure about Risk Management**: Address any concerns the seller might have regarding the risk of financing a buyer.

Focus on Cash Flow Early On:While appreciation is the long-term play, as a beginner, I'd recommend focusing on cash-flowing properties to provide you with a safety net and help you ride out any market fluctuations.

Are you concerned that they might be trying to move too many people in?

If no one within the group has experience buying real estate, I would suggest you each buy a property on your own and then have a discussion of forming a partnership in 2-3 years.If you already have experience within the group, I would suggest all the friends get together over coffee and brainstorm all your concerns.

The majority have had substantial recent price decreases, which seems concerning for long-term property value appreciation.

You need to know the difference and how to find deals before you start anything.I recommend you start with BiggerPockets Ultimate Beginners Guide (free).

Midtown and Corktown are also seeing growth, though prices are creeping higher.As for the 1% rule, I completely understand your concerns.

My apologies for causing concern around this.