However, real estate investment in Nigeria is not as sophisticated as it is here in the United States.

All-in-all its a buyers market2)  Unlike in SFR multi sellers tend to be other investors and are more sophisticated which again makes it harder on your side vs. getting inventory from homeowners who will always have more complicated factors. 3) You may not like this one but think about this from a seller or brokers point of view, why would they sell to you.

Sophisticated investors understand this theory.

I've been involved in commercial lending for more than 10 years and work with investors who are new all the way to large sophisticated owner operators.

Even those “Mom and Pops” know how to read and are more sophisticated than given credit for.

BABAMAfter a few remedy issues and some seller concessions we closed yesterday and walked away with a nice juicy check "that I could blow on a new motorcycle, atv, boat, car....hmmmm...focus"Don't take this as me bragging to be some sophisticated rehabber, I'm not.

Your dad can gift you so much in value per year (your wife, too, if married) or do something more sophisticated with an overall estate tax plan and or trust.  

Others have given great info - my only add is encouragement for you to fully understand both the numbers on the P&L and WHY each is included (or excluded).The entire world of real estate will make sense once you understand the concepts behind P&Ls and Balance Sheets and you'll be in a MUCH better position to make sophisticated, data-backed decisions.All the best!

Anything with an expenses ratio below 1% is great from a cost perspective, and Vanguard's start from .05%.Regarding Realty Shares, that company only allows accredited/sophisticated investors to invest; aka, rich people with over $1 million in net worth excluding their primary home or over $200K annual income.

Know your customer" - I am not looking for sophisticated investors, I am looking for credit to use.