This is particularly important as I prefer to self-manage properties, and accurate cost estimations are crucial for maintaining profitability.Scalability: These rules help in maintaining a consistent evaluation metric across multiple properties and markets, aiding in scaling my portfolio systematically.That said, I understand that each investment should be evaluated on its own merits and that these rules may not capture the full picture.

yup if they are anything like Remington then not good.. and 95% chance this borrower will lose their 10k.the subject of the American greed episode on Remington was a lady who bought an island in Clear lake northern CA..

Volume consistency matters.

The significant appreciation and consistent cash flow are a reflection of the potential that exists when you carefully assess opportunities and execute with diligence.If you’re curious about how to replicate this success or want to discuss real estate strategies, I’m more than happy to share insights and experiences.

Now it is consistently cash flowing well so we probably would never move back into it.

Lower risk but more consistent cash. 

Over time, gain knowledge and experience so that one day 3 or 4 deals down the road, one is ready to handle the huge responsibility of taking care of other people’s cash.One should also take stock of where they are at - what strength and capabilities they have, what income, what amount of capital, who their social and professional sphere is, etc etc and then come up with a real aka tic plan as to how to proceed.This all can be done but it takes a cold hard assessment of reality and then consistent effort over time to make it happen.Now that @Amir owns some rental property, he can tell his friends, family and associates about it and as they see him do well, NOW he will have more success asking for capital to do bigger deals.There’s an expression How does one eat an elephant?

We have done a few structural remodels in Syracuse and consistently faced illogical delays with the reviewers, along with new sets of comments each time.

Pappy's are very good as well, but not worth the secondary market prices (@Joseph Beilke).Four Roses is a very good consistent distillery - their single barrels (especially ones handpicked by a store or bar) are outstanding.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.