Seems like we might be missing some key info here.

So you over-pay, oh well ya just gotta be a bit more patient for the equity to catch you up to 0.

Key factors include the quality of the renovations, market conditions, timing, appraisals, and presentation.

Key factors in determining the classification include the volume of loans, the partnership’s intent, and the loan values.

@Yi Chu,The key here is that it is not "you" who is investing in the multifamily deal but rather a Roth IRA; therefore, you can not claim any tax benefits personally.

The key will be to present the property’s value, the projected cash flow ($6k-$7k per partner), and the appreciation potential over the next few years.

or "what key metrics should I be reviewing monthly?" 

Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.

The key to investing is you have to buy the property at a discount.

It’s key to balance both when building your portfolio.Need help with financing?