Highly appreciated.Does that mean I can deduct this loss from any rental profit from any of my properties or should it be just deducted from the same property income in the future year?

I own 19 properties in Rhode Island and have found the Eastern CT market to have Rents just as high as Rhode Island with property prices 60% less and taxes 50% less.

Highly suggest checking out the local meetup events:  https://www.biggerpockets.com/forums/521-real-estate-events-...What are your goals for 2025?

Hey Khaled, I have a PM who focuses on multi-family and has high praise from my clients.

Once you go above $125k/unit you start to get into the high end areas that won't have very good rent/price ratios and are under the 1% rule mark for turnkey stuff.Neighborhood wise in the city the "East End" is where the most expensive real estate is since that's where the universities and a lot of the hospitals are located.

  $3000 sounds pretty high to me for the area.Downside is you're renting to someone who can't pay rent...and has money challenges. 

There's a lot more competition than previous years, and prices are high.

Their focus on attracting higher-end guests may reduce potential issues.

I thought it gave a great perspective on what investors will be looking for from a quality syndication.

What you can't do remote is get a sense for the neighborhood and asset quality.