In these areas, you will generally not cash flow that well for the first few years, but years later (like me now), I can retire off the profit that I make from these same properties.Ultimately, this is how I chose to play the game and it is not the perfect game for everyone.  

A rental is a long term play. 

Or if you can get into entitlements that is a value add play as well.

I was targeting a 20/80 GP/LP with a 12-13% IRR with a 2 hurdles +14% IRR GP/LP goes to 30/70 +15.5% IRR GP/LP goes to 40/60.These will be usually 25 to 50 unit infill multifamily deals usually townhomes or apartments I would love the feedback  We have seen projected returns all over the place, as the factor that comes into play is the risk.

Hey Folks, Hope the new year is playing out very well for you.

Here’s an example of bonus depreciation.HOW CAN I USE THIS AS A PLANNING TOOL?

This is where your costs will come into play.  

Higher prices, higher risk, but higher return if you play your cards right and make the numbers work.

Frankly, even local: the last 3 properties I bought were all in close to move-in-ready condition, because currently, I can't get enough discount on a property in a desirable area to pay for the necessary repairs and upgrades.The radical solution: move to Cincinnati, even the playing field and become a local investor.

I was just sitting down bored and playing with my BP profile.