I feel I do a better job than any local property management company and I'm much better at hiring tradespeople, making certain they do a great job and by being the decision-maker I'm responsible with my money and am learning A LOT about every facet of the industry. 

Fast forward through some vital life experience, I’m back on BP with a desire to jump back into my goal of having a cash-flowing rental portfolio that can help support me.

It's vital to understand these assessments and budget accordingly.

Therefore, it's vital to calculate these costs before purchasing the property.Seeking the help of a 🏗️construction professional is recommended to create a comprehensive budget that includes hard costs (materials, labor), soft costs (architectural and engineering fees), and contingencies for unexpected expenses.

While its significance may sometimes be overlooked, generative AI holds the potential to revolutionize every facet of the real estate lifecycle, from transactions to property management.Decoding Generative AIAt its core, generative AI harnesses the power of data to generate fresh content or forecast potential outcomes.

Establishing a robust financial base is vital, as it echoes your investment aspirations and capacity for risk.

When choosing a city or neighborhood for investment, it’s crucial to consider:Economic drivers: Look for areas with diverse and growing job markets.Population growth: Areas with increasing population tend to have higher demand for housing.Rental yields: Compare the average rent to property prices to gauge potential cash flow.Future developments: Infrastructure projects and new developments can boost property values.Additionally, it's vital to get local insights.

I consider leadership experience to be vital to the success of a Multifamily Syndication Team as well.

This has helped me to realize that where one's investment is in the capital stack is vitally important.

Quote from @Shivani Kumar: I just hope they don’t purposely over priceThis shows that you still do not understand this important facet of building/remodeling/flipping.......