We are currently preparing my real estate strategy, of course using the Bigger Pockets Strategy book, as a previous business owner in another industry, there’s a lot of good and refreshing information here in this Strategy book. 

Anyone in sales knows, you are going to have to be prepared for a lot of "Nos" to get to the "Yes". 

So better be prepared for another year at least with negative cashflow.

Just be prepared for potential vacancies.My advice is to build relationships with university housing offices.

This is my pre-retirement preparation.

The rate cap in January is currently priced at $747,000.The Capital Call funds will be used in the following ways:1) $4mil is being used to pay down the loan.2) $175k fee to extend the loan for 1-year.3) $2.247mil to cover interest rate cap extensions for the remainder of the hold period, including $747k for the January 2025 6-month interest rate cap purchase.4) $1,000,000 in reserves to prepare for additional extension fees and cash reserves.

If you want the "best" rate, be prepared to pay for it.

More preparation on the parcels i'm working on.

If the home is occupied, there's usually 1 group showing scheduled, so you'll want to come prepared with your comps and ARV. 

Any tips on marketing or preparing a property near a military base for this kind of rental?