I know they’re an essential tool for analyzing a property’s financial performance, but I want to ensure I’m approaching them correctly.Could anyone share examples of what a good T-12 looks like or highlight key items I should make sure are always included?

Does this approach seem reasonable, or am I undervaluing the property?

@Brandon Dixon starting out by passively investing in apartment syndications is a great approach, especially if you have a full-time job.

One of the great things about real estate is that there are so many ways to approach it—house hacking, short-term rentals, turnkey investments, or even partnerships.

It's a progression but the key is to take the smallest of incremental action each day and it will sum up to something incredible in years.

You need to be on all platforms - incredibly important to diversify!!  

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

This approach could keep things straightforward while accommodating their need for housing.

These high taxes discourage property owners, especially those who have held their properties for many years.While efforts have been made to address this issue, it's time for a fresh, common-sense approach to housing affordability.Instead of penalizing property owners, we should incentivize them to sell by eliminating federal capital gains taxes and offering tax credits for sales to owner-occupants.

Maybe there's an angle for seller financing or some other creative approach to get the seller the total return they want over time, but it's hard to say without actual facts and data.