A multifamily deal is a resilient, recession-proof gold mine because rents tend to increase regardless of economic circumstances, there will always be more people than places to live, PERIOD.

It's a facts and circumstances based analysis and documentation is key.The general theme of this thread dealt with the former, not the latter. 

Unfortunately, none of the larger HVAC companies in Chicago are willing to install equipment they haven't sold.Any advice or recommendations would be greatly appreciated!

I am familiar with the "rudeness" but that unfortunately is not so uncommon when dealing with government employees who have to deal with the public on a daily basis and is something you just have to have thick skin for.

But unfortunately even 1-3 hours outside of Vermont is still mostly New England which is both pricey and I'd prefer to have a property in warmer areas.

Rural lending has becoming increasingly difficult in the past 3 years for some unfortunate reason as there are often really good opportunities in rural communities.

Unfortunately, this model got way out of hand in the late 2010s and 2020/2021.

Unfortunately he's correct...any funds you keep are profit first, then basis.

Reinvestment/Expansion (10-20% of Income)Rule of Thumb: Allocate 10-20% of your income towards reinvestment in your business or properties.Why: This fund can be used for purchasing new properties, business expansion, or other growth opportunities, ensuring continued business development.Summary Breakdown:Mortgage Payments: 25-30%Operating Expenses: 30-35%Emergency Fund: 5-10%Capital Expenditures: 10-15%Paying Yourself: 10-15%Reinvestment/Expansion: 10-20%Adjust these percentages based on your specific circumstances, risk tolerance, and business goals.

Taking on deals like this that decrease wealth, such as low return high upfront cost whole life insurance, paying 19% interest on credit card debt, paying 2% annually to have a “wealth advisor” place your money in Vanguard Index Funds, paying for a high cost mortgage because you’re credit is bad, and “debt consolidation” programs are all reasons adding up to why many people can’t achieve financial independence and remain dependent on working every day to live paycheck to paycheck.There is a chance that in a particular circumstance any of these, including the program offer you describe, can be beneficial in certain specific cases.