Also, I try to implement rent increases when tenants are asking to switch to M2M.

Hello everybody, of course we were working during last 5 years with some retailers implementing loyalty programs based on proximity marketing tools, and currently we are working for airports, transportation systems and other venues....We had the opportunity to test and compare the tree main technologies availables: ibeacon, wifi-routers and Seeketing.Not all strategies are easy to implement, and the results are very different (ibeacon < 1% of total customer engaged, wifi-router/social wifi <10%, Seeketing <70% of total customer engaged)... so more than 30 projects and six years of experience doing a lot of things... happy to share with you any detail if you are interested.Regards

1. if you have no other way to learn the business of real estate and you spend 20k to learn it and you IMPLEMENT what you learn...

I plan on implementing your suggestions and really appreciate you sharing with me!

Looking at the deal, I have two main initial concern/opportunities I don't have much experience and I'd appreciate any input/advice:seller broker marketed implementing Water RUBS as one of the upside (actually factored into NOI proforma in which asking price is based on).

I posted about this experience recently: https://www.biggerpockets.com/blogs/8160/71180-we-...With a master metered property, you have a few options: (1) you become responsible for the water bill and include a flat fee in the rent (2) sub-meter the property so each unit is on their own meter, making the tenant responsible (typically VERY expensive) or (3) implement Ratio Utility Billing System (RUBS), this is where you are still responsible fo the water bill but through a formula and spreadsheet bill back the tenants their fair share.

Jobs aren't bad, the wrong job is the problem. also having no job will crush your ability to use leverage. take your time, find a place that you can use your talents, grow, and be inspired. you can jump head first into real estate, but I would suggest that you implement a goal, plan on how to get there, then implement.

Even after gaining my degree in business I still haven't forgot about my years working in construction and now I want to get back in and start building wealth with real estate by implementing the knowledge that I gained from construction as well as using the business skills that I have acquired from my job. 

I am interested in implementing the BRRR method in order to acquire more long term rentals.

If the work is not 100% complete by the end of the Escrow period, extension may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.