Ideally, they should have asked more questions and really listened to what you’re looking for in future tax services before trying to close the deal.That said, you’ve flagged something important—maybe they’re not the right fit for you.

However, smaller properties tend to have asking prices influenced by factors like local demand or future appreciation potential, not just rental income.If you're finding that the numbers from the cap rate approach are consistently coming up lower than the asking price, it may be because the market value is being driven by different factors, especially in a competitive or appreciating area.I’d recommend using comparable sales as your primary tool while keeping the income approach in the back of your mind to avoid overpaying.

I wanted to introduce myself as I am incredibly anxious to step foot into the incredible world of REI and would love to know if there are any local investors that meet/would like to meet on a semi-regular basis.I currently have a full time job in outside sales in the Arvada area so I do a lot of driving around which enables me to spend a lot of my time listening to podcasts and educating myself but I would love to get to know some players within my local area to really dive deep into the subject and in which I could potentially be of value in the future.

Reviews are a significant asset, and losing them can hurt future bookings.If a PM needs access to manage bookings, update pricing, or handle guest communication, they can still do so without owning the listing.

This amount aligns closely with your rental income after expenses, so you’d be cash-flow neutral or slightly positive.At the end of the five-year term, you could aim for a balloon payment based on the property’s future value, which should appreciate by around 4% annually.

Research vacancy rates, average rent prices, and future development plans in the area.good luck! 

That small rate increase is a huge benefit when it comes to the future passive income and equity/leverage you will receive by buying another property. 

None really .Just made sure I chose the right upgrades if I ever want to sell it in future.

Many of the deals I've seen with problems are when the GP group was not local or wasn't really familiar with the local market.Ask about capital calls and distributions on their current deals.I have not always practiced this, but I think I will on future deals....no excuse you can't go visit the property before you buy in. 

Real Estate investing is never easy and you will come out better after this situation for the future.