No it's your friends boomer parents giving the downpayment to your Gen Z/millennial friend to buy that house to their newlywed son with their new daughter in law/wife being emotional and running up the price because it's a "dream" house.

As someone who has spent a lot of time in ATX and recently moved from CLT I'd be happy to connect with you!

Quote from @Lorenzo Lopez: I'm looking to buy medium to large-scale value-add multifamily using OPM.

Also, I am thinking of investing into real estate via a new Self Directed Roth Solo 401K account due to tax free distributions after age 59 1/2 instead of SEP IRA, any thoughts? 

I have a new build with Blacktip.

Reason: I signed a new job offer at a nonprofit yesterday and having extensive knowledge of the real-estate market in Philly would be very helpful.

It’s a new year!

For example, what would the cash flow be like after you renovate and lease out at the new rates?

If you buy less or take cash out you will pay tax on that amount. 

For me I would not buy a property with zero or negative numbers.