Of course, in hindsight with what the market has done, I wish I'd gone full steam ahead, but in the moment I was playing it cautious.I'm also looking for income to quit my W2. 

While they are beautiful and get you top dollar, many come with tax abatement that expire in 5 years and will significantly reduce your cash flow once expired. 

Here’s where it becomes a thing of beauty……it looks like I’ll be working with him on more deals just like that this year.How many deals do I need to make that a 6 figure income stream?

I think this is your moment, friends in the multifamily space, and that if you let it pass, you might not get better terms.It can, and, I believe, will, get WAY worse for borrowers in the multifamily and CRE spaces. 

@Mike LambertNever listen to "experts" that tells you you are too late for the party, I invested in the beautiful Tulum area and it has been the best investment ever!

Thank you in advancehttps://www.zillow.com/homedetails/1541-Lower-English-Creek-...This is an easy one to figure outFirst, let me say the property and improvements look beautiful - you did a great job.Cap rates are determined as PASSIVE investments - so AFTER property management fees.  

Overall, my plan is to get as much equity as I can in this market to then invest in more real estate, then optimize in the end for cash flow.Some background info on me: My wife and I are both 24 years old, each of us make a good living for this area and are fine saving money and living in an apartment with cheap rent at the moment.

I am not sure of the dates and time at the moment. 

The beauty is that you can easily change your mind on this issue in the future.

Doorvest claims that they help identify, purchase, and own rental homes for a littles as 35K and help generate cash flow.At the moment, I'm little skeptical but wanted to give it a try and write each steps here (good or bad) and help the community here.