At a certain point it becomes a lot of work but you can outsource a lot of the work by hiring VAs which is way cheaper than a management co (definitely not as hands off though) 

The 38128 is slightly below the median and is in a decent area, but definitely an area on the more challenged end of the spectrum in Memphis. 

As for hard money, it’s great for scaling quickly, but if you have the cash, using it can definitely save on interest and fees, boosting your profit.

There have definitely been some bumps.  

Randi, the program is definitely worth the time, effort and money spent.

I am unsure if this lower occupancy is the result of increased interest rates or some other cause, but mission beach definitely has significantly less guests in the off season than in 2019.  

I also am not using the word "deposit" anywhere, because a deposit, by definition, can be refunded. 

Paola, it sounds like you've done a great job building equity in the property, and the renovations have definitely paid off!

And there is definitely ways to structure a sub to deal to protect yourself a little better as a buyer but the problem is and will always be that the lender isnt in the loop with this and can call the loan at any point which puts a lot of risk on the sellers willing to do this method and the buyers who are investing money into these deals.

Some folks want a seat at the table and real control, while others prefer to be passive.. letting the sponsor do the heavy lifting.From what I read in The Economist, some markets (like Phoenix) are experiencing fresh pockets of growth in multifamily, so it’s definitely worth exploring if you’re eyeing future expansion.