One is owned by a housing society and they are currently building a large apartment style building.

I will focus on small multifamily properties and single family homes in the short term and possibly trade them in Monopoly boardgame style for a larger apartment complex in the future.

I'm sure if you were to ask most investors at which point in the investment property lifecycle they break-even and truly start cash-flowing they either haven't figured that out or don't know how to calculate that number or what the true IRR on a property is going to be because they think once they close escrow with 20% down they are cash-flowing on day 1.When @Chris Seveney talks about the IRR for a long term buy-and-hold, I factor in a rehab at year 15 of a 30 year hold, whether it's due to wear and tear, or possible change in interior styles to remain competitive in the market.

Like them, I'm super biased and would say Memphis, but I live and work here so it fits our investing style.  

If it’s a hotel style safe, YouTube “rare earth magnet safe open” Then remember this next time you consider all your goodies safe in your vacation resort closet safe

Knowledge is all you need to make the right decisions in life.Get focused, work hard, adjust your life style accordingly and dig deep.

Hey guys, ive been thinking about this a lot and if anyone has experience with parents handing down a house or taking over your parents' house mortgage please advise.Background: There are 5 people currently in this townhouse and my parents have paid close to half the value so far. ive graduated college debt free and have been working in my field for a year. ive been saving for a down-payment so i can move out into a multi family house and rent one side of it.my father and i had dinner and i threw the idea of taking over his payments so i can build up equity and he can get the house he really wants (ranch style with a pool).

Same or similar style.

I guess what I am asking: Am I one of the chumps that is getting lured by the idea of cheap BRRRR investment opportunities in Midwest markets like Indy and Columbus?

What do you have in mind for an investment style?