I have to admit that I met a lot of future deal sponsors (GPs) in the mentorship group I joined. 

We should have a lot less residential development being delivered in the next 1-4 years, which should shift the supply and demand for long-term residential and should have increased organic rent growth in the future as we saw from 2017-2020, but counting on that as an investment strategy probably isn't the best idea. 

I guess this is a perk of buying at the peak of rates now that the Fed wants to reduce rates in the near future.

How much money do you plan to generate from this rental and do you plan to get more in the future?

., laundry facilities, pet fees).Fixed Expenses: Include mortgage payments, property taxes, insurance, and property management fees.Variable Expenses: Include repairs, maintenance, utilities, and any unexpected costs.Capital Expenditures: Set aside a portion for future big-ticket items (e.g., roof replacement, appliance upgrades) as a reserve.3.

I do intend to keep saving a little on the side for another future purchase but realistically don't see that happening till maybe January? 

That's why for deals like this, you will see people utilize bridge loans where they will lend up to 75% LTV and fund capex potentially because the property has problems and they are looking more at the future value and operations.

Between the walls where spirits dwell,I offer choices none can tell.To dwell today and own tomorrow,A future free from spectral sorrow.A chance to claim the haunted keep,What hidden pact do mortals reap?"

Unless there is drastic reform, I don't see there being much improvement in the short term or near future for the tougher parts of Kensington.

Others may find this post in the future and want to learn about your experience!