Real long story but he used to work in the area.

For a true investment property, you'll be lucky to make a 10% IRR...so it would probably be better to invest that money in a 401k or 403b instead.

Quote from @Stone Safaie: Hey BP community,I’m fairly new to real estate and interested in investing in 50+ unit properties.

You put that money into escrow and when you purchase the property and complete them, you get the appraiser to come back out to verify the fixes.

It's great to see you diving into real estate investing.

Use the magnifying glass to find blogs, podcasts, and forum discussions on just about any real estate topic.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.

Reading thru Vail Resorts annual report the other day and looks like they loose money. 

As a professional property manager for going on 20 years and a real estate investor, I still encourage people to manage for themselves. 

Started with the flip business 2 years ago and going strong. id say start by practicing comps in your area, learn your market and go to real estate meetups.

Anybody who wants to know the real ROI and occupancy figures can check on Airdna.