Anywhere there's food, warmth or comfort there's vermin.

Quote from @Gregory Schwartz: Quote from @Caleb Brown: Personally I would not feel comfortable with raising money unless I've done 5+ deals within that asset type.

You can be sure they will continue to negotiate for, strategize and advise themselves.If the laws are similar where you are, you should consider if you want someone doing those things for you, and whether you are comfortable going toe-to-toe alone with a licensed professional on a $1.25 million purchase.

Quote from @Brendan Jones: For the homes, and or properties that you will use as a primary or a rental property one big thing I look for is infrastructure in the area, extrinsic value (I.e. hospitals in the area, schools, and job market), and the last thing is creature comforts for people (I.e. is a store to get groceries 1 hour away or 2 minutes away).

We primarily focus on residential multi-family and so far we have stayed in the Western Mass area.

Interview a few PMs, ensure they align with your goals, and stay involved by reviewing monthly reports.

The question is mostly a personal financial planning question and it depends on your preference and what balance of risk and access you'd like and would be comfortable with.

For those that do not feel comfortable enough with excel to build out a tool on your own, I would suggest starting by taking excel courses focused on dynamic real estate modeling.

Get out of your comfort zone.

Get out of your comfort zone.