I have been offered to invest as LP in multifamily apartment deal.Underwriting is supposedly conservative and based on current cap rate (4.5%) and interest rate (7%) so if interest rates go down (which may as Fed has already started cutting rates), returns can be better than the projected ones as can have more buyers for Class A property in few years with lower mortgage rates.

And even with all those updates I am at least 20% lower on ADRs than 2 years ago. 

You bought it as a primary and kept it to start investing, but that doesn't sound like a good investment and HOA can keep going up or there can be assessments and your appreciation is much lower in a condo than a single-family.

Typically I like to be a little lower, but for an awesome property in an awesome location I can go up that high. 

If they don't increase significantly then you simply sell to another buyer who knows what they're getting in a lower cost piece of land. 

Maybe make equity sharing an option that offers a lower upfront fee.Reference: (You may have read it already but if you haven’t I would recommend checking out Dan Sullivan’s videos/media).

Starting capital depends on the market, with lower-cost markets typically needing less than $100,000.

You can couple that news with the news out of China today that they have decided to cut their interest rate, lower Bank Reserves, (banks can lend more money) and make it easier for people to buy houses and they are also actively pumping money into their stock market which is to say we were going to have the massive inflation going forward.

The Fed signaled that it will cut the rate by another half a percentage point this year and expects four more cuts in 2025 and two in 2026.”I don’t have a crystal ball here… but logic suggests as rates dip into the lower 6s, and then 5s, potentially into the upper 4s, buyer power will increase.

We can get you a lower rate at a cheaper cost than Wells Fargo.