So your competition is getting larger as a landlord.Traffic and infrastructure are starting to have issues keeping up with all of the building.

(My fault for lack of for not trying hard enough.)

So, use HML as your guide to property value if you lack experience or are located far away/out of state and can't do comps on your own. 

My Google search revealed the principal of TruePoint started investing in 2020, and if that's true, this sponsor lacked all of the things that I consistently preach to look for--experience, track record, full-cycle experience, market cycle experience, and so on.  

If you can find a partner with the capital and/or lack of time, you can become that go to person on the team to make sure you are making solid decisions on the buy side, especially if your partners are out of state. 

The competition, the feeling when you win, the grind to be the best.

I have been reading lately about high interest rates, high prices, low inventory, too much competition, no cash flow, etc.

Rates on DSCR are just as competitive if not better than conventional financing.Conventional loans are dying in the investment space

Financial Goals: If keeping the farm in the family holds significant emotional value, this can justify the purchase despite the initial lack of cash flow.Investment Strategy:If immediate cash flow and rapid portfolio growth are your primary goals, BRRRR properties may be the better option.If you can leverage the farm’s equity effectively, it could still serve your investment goals while preserving the family legacy.Ultimately, the decision hinges on balancing emotional value and financial strategy.

For the first few years I would post during renovations and even show the units to multiple applicants but I found that 98% of them lacked the vision to be able to “see” what the finished project would look like and then after the original pictures were sent or the showing I lost pretty much all of the applicants.