Focusing on the profit makes a lot of sense, and that’s a good reminder to not get too caught up in the details.When you’re looking at profit, do you typically set a target ROI or cash flow that helps guide your decisions?

Soo in the class I am reviewing they are teaching us to undercut deals brought by brokers, but once we refi a property and pay off our partners wouldn’t we simply become the very targets that we were after 5 years ago?

Whether it’s networking, sharing experiences, or discussing strategies, I’m here to build meaningful relationships and help each other achieve our goals.If you have any advice, resources, or simply want to connect, please feel free to reach out.

Hey @James Crothers, welcome to the community and congrats on setting an ambitious yet achievable goal of owning 10 rental properties in 3 years!

Even 1% rule is not achievable in Austin for the most part unless you doing some non-traditional. 

By year 5-10, investors often achieve their peak annualized return. 

After about 6mo I ended up meeting the love of my life which opened my eyes to thinking further down the road than I had been previously and although I really enjoy the Casino Marketing game, I soon realized it would not be the best path to achieving my life/financial goals for my future family.

In some cases the bankable borrowers conscientiously choose to fund their projects with alternative lender because they  can achieve better leverage, won't have to maintain a set depository relationship with a bank, or they need to settle quickly.

Market Considerations: Given the 12-14 month holding period, how much does your target IRR change in a fluctuating market (either rising or declining)?

Any help is appreciated as I'm trying to get a better grasp on evaluating short term rentals including the steps you go about to finding your target markets.