@Ashley AndersonTypically a HELOC and HEL are second mortgages and they can be a good way to access capital to invest, but the problem with using them is the interest rate is typically even higher than the debt you can get on the new purchase, so they might not be a great idea unless you plan to aggressively pay them down when you use them. 

THe person that is running the LLC is typically sued as well because that individual is the one that did something allegedly wrong.

@Devin JamesNothing in life is typically handed to you and nothing is typically get rich quickThe most successful people I know show up everyday and grind it out- they don’t let a failure destroy them - they get up and keep going.If you also read all the great business books etc they all say the same thing - be humble, be consistent and have a plan.

They're typically hitting 7% cash flow - not the 15% we used to see in 2021 but still workable if you buy smart.

- if you have little capital to start with, house hacking is typically the best way to go

@Renee CossRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

I typically aim for aggressive rent increases only during pre-leasing.

Maybe he made up the last part just to **** with me, I don't know, but he is not typically a man to show fear like that.

But here are some really interesting numbers...Ok so this one doesn't look too bad but notice how much more the townhouses and condos dropped in prices over the last downturn.2007 peak to now isn't so good...Before the 2007 run up to now is better, but even then, apartment condos performed the worse (so best case scenario, you have the worse performing asset type, worse case scenario you had a terrible return), and that's assuming you had nothing go wrong with the condo (special assessment etc)But benchmarks don't even tell the whole story, because if you had a specific condo investment, and you tracked it's value overtime, benchmark prices isn't the right approach as it evolves overtime (benchmark price is the price of a typical property generated at each point in time).

What set up costs are there and what's a typical price range for them?