This deal doesn't meet the 2% or 50% rule of thumb, but it has positive cash flow and is in a growing market, according to the latest 2024 Top 100 data from BP. 

Time ManagementReal estate can consume all your time with endless tasks—client meetings, marketing, and paperwork.

@Cosmo DePinto, I can provide further insight on behalf of my market.

House hacking is definitely a good move for the San Diego market.

Hi Kedric, welcome and I'm in the Atlanta Market.

I have found my market and have created my team thus far. 

Very communicative, hands on, and thorough with their property management.As some additional context, I own a few rentals in different markets and Michele's team is top notch compared to them.

We’ve worked together for about 2 years now, and he is focused on the operations side of the business.There are many solid sponsors and operators in this asset class, some newer than us, and some older – and quite a bit of new money coming into this space (part of this is where we are in the market cycle, and other asset classes being overpriced like apartment buildings).I’ve personally had several conversations with @Jefferson Lilly (and met him at a conference), and he knows the space well.

I personally will not expand into a market without securing a reliable team first.Service Quality Over Price – While 10-15% may seem attractive, be cautious—cheaper often means less attention to detail.

While you don’t have to decide this instant (you could always convert later) it’s good to have an idea of the market differences between mf and condos.