I recently paid $50K for access to a “tribe” where I, as a complete newb with no relevant industry experience at all, was taught to stand up a webpage touting the benefits of multifamily and then come and start posting here.I was taught to attempt to attract money from people like you who have recently come into a large pile of wealth and have no plan whatsoever.What I will do is take your money, and give it to this random other person in my $50K mentorship program who also has basically no experience raising and deploying capital.When I give them $100K I have raised from you, I will be given a 10% finders fee of $10K.

It takes on a very light blue tint somehow that is very attractive.  

@Nick Maugeri no bank will offer a LOC on the properties (even with very attractive LTV) bc they don’t want 2nd position.

My plan is to hold onto it as a rental property, targeting Section 8 tenants, as the rental income is quite attractive at nearly $1,500 per month.Here's the challenge: The property's purchase price and labor is below $40,000, and I'm uncertain about my ability to secure a traditional mortgage for a property at this price point.

I would evaluate the decision to add a balcony based on economics and the ability to attract good tenants alone.

Additionally, our efficient project management and marketing strategies ensured the property was presented attractively to potential buyers.

Not junky mobiles, new, nice, sturdy and attractive.

On the other hand, probably lower property costs there vs other locations.We've looked at a couple locations on the OR coast, but as a WA resident adding the OR income taxes have made other locations more attractive for us.

But, if you need to increase your radius as I did, you will attract quality MTR leads if you buy and design with them as your target tenants (know your audience).

I've noticed that the margins for both cash flow and rehab projects are indeed razor-thin, with Cash on Cash Returns often falling below 5 percent and ROI not being particularly attractive either.Given the challenges in the DC market, I'm open to exploring investment opportunities in other areas.