Area: North Carolina Triangle region, about 10 min from Chatham Park (which is slated to be the largest planned community in the state of NC) Strategy: Buy and Hold, with a delayed cosmetic rehab in about a year to align with area growthARV (short term): 170,000Purchase Price: 136,500 SFH, 3/2, 1600 sq feetB-class neighborhood,Expected rent: 1,200-1,300//As I mentioned, we were planning a cosmetic rehab in about a year, at which point we'd also refinance to pull out our cash. 

Here some steps I recommend in a capial raise type acquisition:Define your end goal/criteriaEducate with resources aligned to your end goalSelect a market meeting your criteriaBuild the team aligned with your goal - Realtor, Lender, Contractor, Property Manager, Title Agency/AttorneySource Capital - Build network/verbal commitments.

(Make sure your PM's financial interests align with yours.)2.

The great thing about the side gigs is..its aligned with my primary job.

Because your interests are aligned, and because you've just brought a more experienced player with greater resources into the deal.Ask who's funding the deal.

If unemployment goes to 20% but you have 100 units, you could reasonably expect (barring something specific about your market) that you might align with that 20% and 20 units will not have jobs.

Alignment of interest is key in all business transactions.Have patience.

I don't believe the Restaurant analogy is correctly aligned with what we are facing as landlords. 

But try to align your choice with your goals.2.

Marketer would align them with the outfit in said city then they would pre qualify them for a take out loan. and then they would refer them to us the Hard Money lender..