For example if you were to exit a new build in 5 years there may be no cap ex cost (i can think of few cap ex items that does not last 5 years - maybe carpet in class c and lower), just maintenance costs which would be fairly small.Best wishes

Utilities included.Fully rented.For sale off market.

Just be sure to research your target markets carefully to maximize returns.

Where are the best markets to target in and/or near NJ in 2025?

I knew the fire insurance would be CA Fair Plan.  

Is it fair to only protect one side?

Seems like a pretty fair recommendation to me.

Milwaukee is still one of the hottest markets in the US, we see on average offers at 102% of list price, so understanding fair market value is key.And then of course you have the fact that most deals are negotiated by agents.

We are in all of those markets you mentioned and can help streamline the process for you.You can also click on my website link in my bio to schedule a call! 

As someone who occasionally works with these investors, I always try to emphasize the challenges that come with real estate like managing renovations, dealing with tenants, and navigating market fluctuations.