It's like flash cards for fast learning.

My team and I are also out-of-state investors, including a managing partner who was born and raised in Toronto.We’ve been investing in Cleveland for a little over a year now and currently own 22 units in the area.

Start early, raise that equity well in advance, and make sure all those forms and verifications are filled out correctly.

He's speaking truth about the syndications that raised tons of money and are now struggling.

We have another park with a free space rent manager and as we have raised the rents he continues to live there for free. 

Some numbers:Expected 2026 income after raising rents to market value and assuming 7% vacancy: $144k.Expenses: $14k property management, $18k property tax, $10k insurance, $10k utilities, $8k in repairs/maintenance/advertising/admin/etc: Total operating expenses: $60kNOI: $84kBased on 6% cap rate that brings the valuation to only $1.4m, or $1.5m based on 5.5% cap rate.

NONE of the money raised from the auction of a 2nd goes toward the payment of the 1st (that is why they call it "subject to the first")4.

There will always be people who want to rent by one but I wouldn't count on one raising property values - I would in-fact assume the opposite.

And a few from 0% interest for a year credit card loans too.

At purchase they rented for $350 and I’ve incrementally raised rent however this is a low income area and county overall.