I recognize most accountability groups (exception for the one mentioned above) cost less than $40k (however the cost is annual, versus the mentorship/training is one time), but why is it ok to pay for an accountability group and not a mentorship/training assuming the mentorship/training is decent quality?  

It's a very desirable area, and it's a good property, but I think a few quality of life things are holding it back.

If that's not the case and the GC still requires 1/3 payment up front,  it means they have other projects that are suffering or lack quality subcontract relationships and can't place them on net 30's and when contractors are moving money around to cover for other projects,  that's a slippery slope. 

That might sound good, but keep in mind that quantity doesn’t always equal quality.

@Alex Lickenbrock If your young family needs schools and you don't want to pay for private, you may want to consider the suburbs (and there is a range of school/suburb quality as well). 

Quote from @Sally Alcala: First, this is what happens when you deal with a low-quality property manager.

Finding quality tenants is crucial for generating consistent rental income.

From what you’ve shared so far it’s gonna be difficult for anyone to give you a sense about deal quality, and the value proposition to investors, but I’d be happy to engage. 

We made a bet: be okay with no (or negative) margins on cleaning and let high quality reviews pay dividends years later.It’s paying off. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Piffard.

Purchase price: $125,000

Cash invested: $38,000

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