Hi Jay, that's a great introduction and it seems like you have an excellent background for real estate.I have to say it's surprising, like you said, to see someone focusing on RI vs. other developing markets like OH and FL, but with enough work it's still possible to find something that cash flows here, too.

I come from a structural engineering background, and I find comfort in calculations--the numbers don't lie.I confidently bought my first BRRRR (small multifamily) within 6 months of finishing the book.

(Even though that definition is technically wrong as Bill pointed out)Hopefully my wife never goes to BP, because here it goes: "I was wrong"

Tori, my understanding is you're not technically supposed to rent them out (although many people do).  

In my opinion, it doesn't sound like a bad deal.10% is more than you would get in treasuries and corporate bonds36 months is not a super long period of time.Seems like you are protected with 1st position.I would just do some background on the company - How long have they been in business, financials on how the company performed for the past 2-3 years, along with some background information on the sponsor/founder of the company.Best of luck.

I’m 31 years old and have general construction background and my current career is a journeyman electrician.

Some background my team has sold around 55 million now of 2-4 units in Chicago so we are the experts in the niche, maybe new agents will have a harder time now but definitely is not hurting experienced agents. 

Read on for the background story and some more precise questions.BACKGROUND:I inherited a tenant with an existing lease when I purchased a triplex in 2022.

Hi BiggerPockets, I'm an EE or ECE (Electrical Engineer or Electrical Computer Engineer) with a background in computers and electronics, as well as some software such as C++, Python, MATLAB.I've dabbled with software such AutoCAD for drafting in 2D, not in 3D yet, though.Subscribed to IEEE Magazine, Electrical Contractor Magazine, for both electronics and contracting know how.How to best get my career in real estate started to make passive income?

I've only had short term guests through VRBO and did not have require background checks.