>Seems to me that at scale, a portfolio like Luka's would indeed build wealth over timeIt is cash flow negative in a market that has an appreciation rate (2.17%) for this century below the inflation rate.https://www.neighborhoodscout.com/oh/cleveland/real-estatehere are some thoughts about your plan: - why perform a value add in a market where the value add does not add much value especially if the property will be acquired at no cost?  

It depends on: (like you eluded to) whether you are buying 1sts or 2nds, whether you want NPLs or performing notes, whether you want the property, whether you buy CFDs, whether you can wait 18 months for a foreclosure, etc.

Repairs vs. capital expenditures.Find out how long the provider has been doing cost segregation studies and how many they have performed.

We put them to the test with an office warehouse 3 building 40,000 sq ft syndication 2 years ago and they performed as they stated.When utilizing local lenders who keep the loan in their portfolio, you CAN negotiate on rate BUT I find it much better to pay 1/4 to 1/2 point above the absolute minimum and obtain these other advantages instead.  

The house is 1,800 sqft.When it comes to a cigarette smoke-filled home, combined with the need for a rewire, I am assuming the correct answer is to perform a full gut, right?

Through our sphere of influence, the seller called us because they knew we could help them with a cash purchase and to close quickly.

Currently performing DIY Rehab within house hack to get the other unit rent ready while learning all I can to perform the "who not how" during my next investment!

Nearly 140,000 units were absorbed in Q2 2024, marking one of the strongest performances in decades.Construction and Rent Growth: Despite strong demand, new construction has dropped by 60% compared to last year.

Any suggestions on the best way to value it.We sold a portfolio of properties to a single buyer, all notes are performing. 

If they demand better performance, let them hire an A/C technician on their own dime and get a professional opinion, or they can terminate their lease early and move somewhere else.