Positive!!

.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You build equity while keeping your cost of living low.You’re positioned in an appreciating area, meaning your asset should gain value over time.You keep your downtown flexibility while someone else funds your mortgage.Now does it make sense?

So... how much of an impact would it be to just go straight to cookie cutter Rooms to Go stuff for the big ticket items? 

I always love to see the positive attitude - that's half the battle.

I'm going to get with the sales rep and look into this further to see if there's any other option available or if we can make a referral to a local agent in your area that might be better positioned to assist.

Since you already have construction management experience, some lenders may consider your resume, but most will still require financial backing or a strong partner with prior new construction experience.To strengthen your position, you could:-Partner with an experienced investor or builder who has completed similar projects.

Quote from @Kevin Bartel: Quote from @Wale Lawal: @Kevin BartelSince you're in a high-income, time-constrained position, passive investing is a strong option, but there are multiple paths depending on your goals.

Even accepting first position offers can open the seller to being sued (never heard of it happening).Verify that the seller cannot sell the property without the contract being released (both parties signing).

From a financial perspective, the numbers look attractive—many of these properties show a Cap Rate of 6%–8% or more, which is quite decent.For example, if a Dollar Store property is listed at $1.2 million with an average Net Operating Income (NOI) of $90,000 per year, financing 50% with a 6.5% APR, loan would still result in positive cash flow from day one.