There is a joke in the industry that anyone who says "I've been doing it this way for (insert number of years here)!"

I hope this give you a better insight as to how the industry works. 

I'd like to pursue sales, and for a while I thought I'd be looking in the tech industry.

Some investors opt for larger homes with more bedrooms, while others convert existing residential properties to fit more people comfortably, ensuring they meet safety and accessibility standards.One thing to consider—smaller operations like RAL often rely on word of mouth and local reputation to fill rooms, so community engagement and relationships with local health care providers are key to success.PS: Fun fact—by 2030, it’s projected that more than 20% of the U.S. population will be over the age of 65, which makes senior housing a high-demand sector for decades to come. 

In a nutshell it is a cash flow industry with high yield (6% to 11% net pretax) affordable at USD$30K to $70K on average, and most importantly services are transparent.

Indicators are showing that price drops in the MF sector may be near bottom, and activity is picking up in the coming year. 

I've been in the construction industry since i was a teenager and thats a long time ago.

I regularly attend workshops and seminars to stay updated on industry trends and best practices.

I did a ton of research and talked to dozens of people in the insurance industry before reaching a decision.

What are some common pitfalls to avoid as a new real estate investor, especially in the multifamily sector?