I can easily get to that amount on a 3 day project.

If it's in a high tax /flood area taxes and insurance could easily be 5-6k or half that then with title insurance points and closing it could make senseWhat is the breakdown ?

- What does your 2022 tax returns look like?

Most folks chase paper-returns and overlook the real wealth drivers in REI. 

If they pass the screening, also find out who is paying the deposit as that is the person you will be returning it to once they leave.

Target ReturnsWhile target returns are crucial, these should be discussed only with investors—not brokers or others helping you find deals.Sample Investment CriteriaHere’s an example of well-defined CCC:Location: Primary and secondary cities in the Southeast with population growth.Type & Class: Class C garden-style or walk-up workforce housing with repositioning opportunities.Age: 1980s construction or newer (case-by-case for older).Price: $5M–$12M, requiring $1.5M–$3M in funds.Size: 100+ units.Cap Rates: Market rates.Roof Type: Pitched roofs preferred.Value-Add: Opportunities for improvements or better management.Why This MattersBy creating crystal clear criteria, you:Avoid wasting time on deals that don’t align with your goals.Build trust with brokers and partners by demonstrating a focused investment strategy.Increase your chances of finding deals that meet your financial and operational objectives.I'll be posting each chapter as I go through them so you can follow along from my notes and we can discuss different strategies.

JohnFirst look at your states licensing laws, they can easily be found online.

Whereas curtains you can easily throw in the washing machine.

The home should be returned in a condition very close to how it was when they moved in.

Different buyer pools homeowner vs investors and the returns are definitely in the 4 units or in value adding the 2s.