How do I approach it in a financially smart way? 

Haven't been able to find much on him either but his approach really interested me.

The appeal of this deal lies in its low entry barrier and high potential return, made possible by your hands-on approach in sourcing and negotiating directly in the market.Financing the deal through both personal investment and banks offers a balanced leverage, while your approach to seeing potential in underappreciated properties maximizes value.

These approaches consider how the capital has grown or shrunk over time, providing a more accurate reflection of actual performance.For instance, the CAGR in this case would be negative, as it accounts for the overall movement of the investment from $100 to $50 over the two-year period, indicating a loss.If you'd like further clarification or assistance in understanding other metrics for evaluating investments, feel free to ask!

. - 30% down on 200+ storage unit complex Earlier this summer those rates were approaching 7.5-8%We anticipate a very active fourth quarter. 

This hands-on approach could also give you more flexibility to adjust to market conditions, like listing at the right time.Lastly, even though you didn’t invest your own money in the deal, building relationships with your private money lenders and owner financiers for future deals is key.

I'm looking to connect and surround myself with locals who enjoy sharing their knowledge and experiences, and remember what it's like starting out (especially if you've successfully taken this approach recently).

For now I've settled on the "live in flip" and "house hack" approach which seems to be the best way to get your foot in the door in an expensive market.

This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.

As mentioned, there are 2 major approaches: contractor or DIY to resolve.Contractor: Get bids and charge the tenant what it costs you.DIY: Tally your materials and labor cost, then charge your tenant.