.• Why patience and hard work are critical to success.• How to think creatively about building wealth.Once at the property, the kids explored, asked questions, and saw firsthand how opportunities are created through smart investing.Involving children in real estate teaches them:• Financial literacy in a hands-on way.• Entrepreneurial thinking and problem-solving skills.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?

Here are my key takeaways:Tenant Screening Matters: The challenges I faced with the garden unit tenants reinforced how critical it is to have a thorough screening process and not stray from your requirements.

At the heart of effective property management lies the ability to balance the competing interests of three critical stakeholders: owners, tenants, and vendors.

If your role is critical to the project's success, aim closer to 50-50.

I'm all ears and eager to learn from your experiences, hear your ideas, criticism, tell me I am crazy!

Builder’s risk insurance isn’t something that gets talked about enough, and your experience really highlights why it’s so critical.

Hi @Jefferey Eutsay,This deal has potential, but there are a few critical blind spots and questions to address before making an informed decision:Cash Flow: What’s the current and projected NOI (Net Operating Income)?

You won't be forced to de-convert unless you have violations...eventually the city will start fining you.Very critical terms are non-conforming (no violations - grandfathered in) vs. illegal (violations)...

The northland (as north of the river is often called) is also a burgeoning home to massive data centers including one built by Facebook’s parent Meta and also has charming and distinctive downtowns including North Kansas City and Parkville.

However, as many will tell you on this website, know your market so you can be more critical when looking at the pro forma.