Returns are great if you get a good area and build a solid team but thats going to take some leg work in picking the right people that see's your vision. 

The issue I take with anyone looking for an app instead of building their own is that it misses the forest for the trees.

The house looked like it hadn’t been loved since 2004 (its build year).

He took a 401(k) loan to fund the down payment on a four-unit building in a rapidly appreciating neighborhood.

The end goal is to have a piece of land with multiple houses: one for my growing family but also a home for my mother in law.My mother in law has agreed to foot the money on a new property/land up front and when ready we can buy land from her to build/develop etc. 

It's wild so many buildings along the blue line corridor with $1100 2/1s and you do nothing can re-rent at $1650 or if update can bring to $2000.

For this reason, I would take inventory of the local banks within your target markets that offer financing options that best serve your real estate needs (again, usually the smaller local banks), and build depository relationships with them.

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

Building a relationship with local real estate attorneys or agents specializing in STRs in the area can save you headaches down the line. 

I care about collections, not just bodies in the building.