Location is a huge factor in pricing and even though your home was renovated nicely, $300 more than the top average is significant. 

I'm a top 1% agent.

If someone responds to one of your mailers but their property does not fit your criteria, then leverage your community to see if it's a good fit for another investor.

Moorestown Mall will welcome Parky’s, a two-story entertainment center, in early 2025, while Neshaminy Mall signed its largest lease since 2017 with Fusion Fitness, an athletic complex opening mid-2025.

Narrow down top 1-2 markets based on cash flow, ease of entry, and appreciation potential.Good luck!

We calculate gross income as all dollars coming in except taxes.Our clients gross revenue is the room rate (top line) expenses minused out and then they receive their net income.Net profit (or loss) would be then when they subtract debt service, property tax, insurance, utilities, etc.

My son, Jorge, has an off-market Single-Family in Katy, Texas, that might be a good fit.

Making the front of the property : Main home + ADU and taking the back of the lot and will put 1 or 2 units (top and bottom) : depending on how much capital i have to work with.

Like you I think I made my first investment in a true syndication when I was in my early 60s. the sponsor is what matters.. asset OK  but if the sponsor is not top notch I dont care how good the project is..

The market is saturated if you don’t have the creativity to look beyond the top dozen or so markets.