I am very excited To have finally closed on my first investment here in Liverpool NY as a 19-year-old investor as of last week and be auditioning for the Bigger Pockets rookie podcast this Monday!

Not sure what the final $$ will be, but certainly not $35K.Thanks again to everyone for their thoughts on this!

If curious, here are the last two: Jan 2023: Multifamily Real Estate is At Risk of CrashingFeb 2024: Multifamily is at High Risk of Continuing It's Historic CrashI think that the title for my 2025 analysis (likely Jan/Feb publication will be something more like:Multifamily is Finally Going to Hit Rock Bottom in Q2/Q3 2025 - Get Ready to Buy a LOT of itAs usual, I like to publish my draft thoughts here to get input from key players in the space and these forums, especially folks like @Brian Burke, to see if I am missing any high level areas, before I get into the weeds and look at the data more deeply and regionally. 

I have learned many hard lessons this year that has hurt my heart, and my pocket book.

The worst experience we've had was with a flat roofer (very common roof type in Chicago) we finally wrapped up, after waiting almost two years for them to finish/fix something. 

Finally, depending on the use and if they were ever given any permission then there may be no claim.

But I can tell you that on average over the past 3 months we have brought in around 8k and this month over 10k in airbnb bookings.  

We added a hot tub to our studio thats 6 blocks back from the beach and it won't stop booking.

The foundation was already approved, permitted and finaled years ago for a 3400 sf house, and its solid and I won't be building directly on the overhang edge; but rather back away from the edge a few feet to prevent any load issues all the weight will be on the longer sides of the existing footing.

We liquidated all of the houses, and I started over after the divorce was finalized.