The costs sound a little low to me if you are talking turn key including permits, site work, utilities, plans, surveys etc.

Do you have Airdna, Key Data or Price Labs?

Have them transfer security, advanced rents, rent rolls, contact info, keys, leases, and any other pertinent data.2.

Pair cost of entry with fundamentals because that's the key part of the equation many ignore. 

The key then will be how to manage and save money which is not taught in schools and I can admit I was awful at saving money in my early years. 

The key is stack the savings. 

Market appreciation helped but the remodel was a key component.

And even with increasing rents each yearr (and appreciation), the IRR trends downward.

Make this your measurable goal that you track with your daily activity each day .. aka Key Performance indicators or KPIs.

You’re setting yourself up for long-term financial growth, and teaming up with your friends is a smart way to ease into it while covering your mortgage.A few tips to keep in mind:Location is key.