I've listened to just about every podcast in the BP library, hell I was listening to "left field investing" before they got bought out back when they were on the "gentle art of crushing it". 

I got migrated to it after they bought Cozy.

I've identified one that I really like and have been actively digging through the Grantor/Grantee Index at the local recorders.I have a few questions:1: The home was originally bought for cash, and a few years later a “Cash out loan” was taken.

Bought my fist property in 2022,PITI + HOA at the time was 2200, based the market and renovations i believed i could get 2400-2500 for the property, which i did get 2500 the first year.

I have 24 rentals in the middle Georgia area and I just bought one in Jacksonville, fl.  

@Stephanie Olejownik I bought 5 of these properties this year.

My Partners and I have been buying Brooklyn small multi's (2 to 4 Unit buildings) since 1998.We currently own 9 of these buildings in various neighborhoods including Clinton Hill, Bed-Stuy, Windsor Terrace and Ditmas Park.Total Assets would be somewhere between $15 and $20 Million in the portfolio.Every since we bought the first property, which was in Ditmas Park for $340k in 1998, everyone told me it was crazy.I continue to hear how crazy I am to continue to buy every one or two years since 1998.That $340k Property in Ditmas Park is worth $2 Million today.

Since then Arizona State University has grown tremendously, new high rise apartments showed up, multi units started specializing in marketing "room rent", and of course home owners that bought decades ago are able to undersell like the mom and pops in your area.Kudos for identifying that your customers value proximity to entertainment more so than to educational facilities.  

My investors have bought plenty of deals with better margins than the one you described.

That's about what my major renovation cost (new electrical, plumbing, new exterior and interior paint) in 2022 but I bought  in-stock cabinet, light fixtures and faucet fixtures myself.