It’s not about chaining yourself to a rigid model; it’s about giving yourself a reliable starting point, so when the next tempting deal in Phoenix’s midtown corridor pops up, you know it fits into your broader strategy rather than just hoping it’ll magically work out.At the end of the day, nobody’s going to knock on your door and hand you a neatly packaged portfolio.

However, if both are desirable and available in your market, I would definitely choose smaller multifamily (1-4 units) hands down. 

The very next morning, he was at the seller’s property with a contract in hand.

Simply ask the sponsor if they would be open to connecting you to a handful of investors who have known and invested with them for a long time.

Appreciation on the other hand is the biggest piece of the real estate pie.

Transfer wealth from rich to poor?

It is unlikely a refinance appraisal will give you the cost of a hands off ADU addition.  

On the other hand, investing in some repairs (if financially feasible) might significantly increase the property's market value.Remember, each property is unique, and what works for one might not work for another.

This is why the big corp builders or regionals control so much of the larger developmentsthe deals i funded are 34 lots 160 lots and 80 lots respectively and each of them have contracts on them by Toll and Lennar and one regional but they only close when we have permits in hand. 

I’m sure someone will tell you that you can transfer title of the house after closing, but what purpose would that serve?