Cleaning costs have gone up in the past 5 years, because covid made people realize they don't want to do a hard physical job for peanuts anymore.  

It’s a high-risk strategy that is hard to pull off.That’s just investing remotely, which usually means traveling often to the market.

I think you're going to have a hard time finding MF properties that give you positive CF using a PM in most of Phoenix. 

It is hard to pin down specifically, but that seems to have been a factor in a few of the ARV-Appraisals that I've seen and has impacted the refinancing process.Otherwise, it has been a great market for my clients, great cash flows and repeatability which has really helped as they have scaled.

It's hard to say how many properties those agents showed to those prospective tenants without any return—what a waste of time!

This has been my strategy here in NOVA as well - though true multifamily housing stock is hard to come by as you are probably already aware.

No experience means you’d be leaning hard on mentors or a team, and one misstep (like overpaying or underestimating repairs) hits harder than with an SFH.My Take: If I were you, with no experience and enough capital for either, I’d lean toward SFHs to start.

While good deals these days can be hard to come by, we've definitely seen success across all those Florida cities you mentioned. 

If I were in your shoes based on what you told us, I'd probably avoid hard money loans right now.

Trying to raise a giant pile of money from strangers is going to be really hard.