I'm going to go over the most common mistakes and false assumptions people have in regards to care home.

Let's be realistic, scaling in a house hack fashion doesn't happen in today's world like the pre-Covid era. 5 MFs in 5yrs with just $25k to work with is a false reality.

Ithaca is like another planet.STRENGTHS-  appreciation is pretty much guaranteed, no matter how crummy your property is-  student housing isn't restricted, they'll live anywhere-  having an ivy league school means there's a lot of money flying around-  rent is high-  tons of development and growth going on-   strong STR performance outside the city properWEAKNESSES-  almost absurdly high prices-  similarly absurdly low cap rates-  pesky annual inspections required on multifamily properties-  most deals happen behind closed doors, and agents tend to be very unhelpful-  5-7% cap rates typical, sometimes lowerSummary: Ithaca is a great market to park your money in and wait.

Ended up pressing charges for breaking/entering, obtaining property under false pretense, fraud, and criminal trespass.

Because doing so is false representation.

I highly suspect maintenance/cap ex over long hold to be closer to $400/month than $132/month and it will in no way be $0/month and leaving it out to inflate the return for any reason including it has just been rehabbed or is new construction is absurd and misleading.   

There are some hatemongers that don't have a clue about law and this line of business but deliberately spread false information about wholesaling on BP to intimidate and mislead.

Although the Prop mgr claimed late payments, that was false.

I think it is a false assumption to think that STH owners don’t need to plan for CapEx.

They're absurd.