so now when they are reperforming and want to sell, need to go for much less than what Jorge wants to sell at to reach the yield investors want.

My focus is on affordable housing, especially mixed-use projects that serve both residential and community needs.

I have been considering reaching out to the seller to see if they are still interested in selling the property and just this week I found a Facebook marketplace posting from the seller trying to sell their home off market because “it became too much for her to maintain alone”. 

I know that if a cost seg, l would need to back that out of my California return.Your answer seems to confirm what I suspected.

If I'm ever in need of a broker in the DE markets, I will reach out. 

Thank you Shawn much appreciated!

Whatever approach aligns with your goals, I would hook up with a solid team focused on that investment strategy with the experience behind them—no need to pay your dues if someone else has and you can learn from them. 

As you look to scale, just make sure to hold/build reserves for when repairs come up and take your time screening tenants as you will find a vacant unit is much less stressful than dealing with a bad tenant.

With no major renovations needed, it was an ideal candidate for a quick resale.

We have an existing mortgage (backed by these 2 lots and 2 others) and given the increase in appraised value there is no need to pay anything back to the lender when selling the lot.