This is generally code for they invested $25k in a sponsor's project among a few million dollars of syndicated preferred equity capital and it generally is in some type of hoped-for reposition project. 

That is an excellent post.I would like to point out a couple things.

I am just getting started and only have a couple units at the moment.

But, if they are flippers/rehabbers, investors, property managers, I could see that being a benefit.And I would certainly be looking at flight options into either market, as I couldn't imagine putting hundreds of thousands of dollars into investments in a market with visiting those investments at least a couple times per year.  

For the couple we bought as PadSplits we have local hard money lenders who we have worked with in the past and understand the business model.Feel free to DM me if you have any other questions 

I’ve had other clients who preferred this approach..one even found a gem in Glenview at a time when the suburb wasn’t as well-known, and today his property’s value has grown by 15% in the past three years alone.With the anticipated drop in mortgage rates in 2024, the suburbs might be a solid pick for someone new to the market, especially if you’re looking to build equity without dealing with the volatility of city investments.So, for a first-timer, think about your goals: high appreciation and some hands-on work?

It’s not unusual for a lease to end a week earlier than a typical monthly cycle, as this can accommodate a tenant's personal schedule or preferences.

I've seen a couple I thought would work lately. 

Tough pill to swallow, I like cash and certainty over sub2 all day but that's my preference. 

Lots of growth in both population and jobs and housing.Rentals are a bit tough I think right now for the most part, but I think the market will start to shake out over the next year or two.If you are not a PR or citizen of the US, then you have to decide if you want to use cash, which is probably preferable or use financing.