Multifamily is incredibly complex and if you don't understand the metrics or calculations behind it, you're going to get burned. if you're just plugging numbers in until it "goes green", you are either going to miss out on deals or buy something you shouldn't. 

Hello, I’m interested on getting some insight from anyone willingI currently live in Seattle and want to get into REI but the cost out here makes it tough to be able to get involved without capitalI read the out of state investing book and it got me interested in trying somewhere that I don’t have to burn up all my capital to get started1.

I will get burned at some point but it has been good so far.

Saika  While a permit is a hassle, what happens if there was a fire, it burned down, someone got killed and the fire department was not even aware the unpermitted structure existed.

I had an investment property that burned down recently.  

And they had taken the kitchen cabinets apart and burned them in the fireplace for heat.....I salvaged some and painted over the burn marks, didn't look half bad....ya can't make it up, right?

My best guess would be you had carryover losses but consider the opportunity cost of burning them up. 

Let's view this another way, a tenant applies to rent who was convicted of burning down a previous landlords property.

A lot of investors used short-term bridge loans in 2021/2022, which are burning a lot of investors now.  

I just signed for their newsletter and received a signed copy of Burn Zones.