In cities like Cleveland, Columbus, and Cincinnati, you could buy multiple properties for the same $200K-$250K you’d spend on one in a pricier market.

Steadily has their own product (with multiple writing companies) and then they offer policies through other carriers just as an independent agency would. 

For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?

Encourages Larger Investments: By offering higher returns at higher tiers, you incentivize investors to allocate more capital to your projects.Builds Long-Term Relationships: Investors appreciate being rewarded for deeper commitments, which helps foster trust and repeat business.Scales with Your Business: This structure can align with the complexity or scale of your projects, ensuring that you have the resources you need while staying competitive in the market.Key Benefits to InvestorsSecurity: Deals can be secured by tangible assets, such as a deed of trust or promissory note, providing peace of mind.Flexibility: Payments can be structured to suit the investor’s needs—monthly, quarterly, or upon project completion.Attractive Returns: With returns starting at 15%, investors often see better yields than traditional investment vehicles, like stocks or mutual funds.How We’ve Implemented ThisThis structure works particularly well for our large renovation or development projects where multiple investors may be involved.

You can often get better rates with a national lender, but the customer service is non-existent, communication probably sucks, they may ask for the same documents multiple times, etc.

If you stay in one market for multiple investments it may take you a bit to find this particular inspector.

Multiple people bid on that property as well. 

My bank connection breaks multiple times a year, and we are going on 2 months with no offered solution from Stessa other than they are working on it. 

Be prepared to follow up multiple times, using different forms of communication—calls, emails, and if possible, in-person visits to their office.

I realize I am not cut out for the entire REI process of consistently finding multiple properties for particular exit strategies.