I understand that these tend to have a return in 2-3+ years, which I am okay with. 

They do tend to go in the same place, but its usually of their choosing.

I tend to get frustrated when I keep telling people that you can buy large multifamily with 0% down.

Properties in sought-after areas tend to appreciate more and are easier to sell. 

I do tend to look at each situation individually and I do this based on my experience so it might be a little harder for someone new to do.

@Austin M Kauth, these kinds of deals tend to be messy and are often unlikely to conclude with a completed sale.

I know... really really stupid q but I tend to really overthink everything regarding taxes lol.  

Timelines tend to vary depending on CHMA's work load at that point in time. 

In the long term real estate will make you wealthy, but it won't do it quickly, and the cashflow won't be nice and uniform where you can quickly start living off of it in the first few years to upgrade your lifestyle.Cash flow can be tricky until you scale to a large enough portfolio where your expenses tend to balance themselves out each month.  

I tend to recommend areas just outside the well known fully developed areas.