Using the same concept, your goal is to offset daily average balance.

I’m new to private money lending, so while I understand the concepts in principle, I’m still figuring out how to identify and connect with these investors in practice.To clarify, I’m targeting 6+ unit multifamily properties, and private money is a way to scale my expertise from smaller properties into larger ones.

Quote from @Treza Edwards: What are the mandatory inspections that an investor needs to get beofre purchasing a long term rental?

I like the concept of making investing accessible and achievable. 

Short answer: not legally, but they can get away with it.Long answer starts with a fundamental concept of our tax laws.

They simply skip over/ignore concepts like vulnerable persons, equity skimming, equity stripping, bank fraud, wire fraud, mortgage fraud, escrow and closing, etc  It's now the "thing" to do.What could go wrong?

(I know a lot of investors who are doing this, but I've been surprised to find out that it's a new concept that others haven't considered.)The more units, the better in this scenario because you can hedge your bets with more units.

Check about the concept of "house hacking", many people start that way.

Thanks for the colleague request.The concept of TDR is fairly simple and straightforward.

Participants in the commercial real estate space could do themselves a lot of favors by forgetting entirely the concept of purchase cap rate.Cap rate has only one useful purpose--and that is to estimate the price in which the property may sell for at a later date.