Even though it might feel overly formal to draft a lease when dealing with friends, it's a necessary safeguard against potential misunderstandings and conflicts down the line.

People who know way more about REI than I do seem to think that things are quite different than just a few years ago, and that having a good job and excess cash is very prudent right now, and a safeguard for when you do buy your first property.

We all know those agents that can be overly sensitive in thinking that you're attempting to solicit their listing, even though your INTENT is to potentially buy (not list) the property.I'm just curious what (if any) additional precautions you're taking nowadays.

For multifamily, the comp is trend and cap rate trends.SF trend is going up nationwide.MF trend is going down nationwide.SF is not rate sensitive, MF is extremely rate sensitive.So strategy really depends on time AND location.IN 2025 I may invest at Multifamily.BUt in 2023 I would do Single Family.But then I live in California, so I would do Single Family day and night.

Not an excuse to delay action but a safeguard for when things go wrong. 6) As @Alan F. mentioned real estate is very location specific which could be another factor.

Here's a comprehensive guide on what property managers should do when facing such a scenario, including practical steps to take and effective communication strategies that can help alleviate the financial burden on the tenant while safeguarding the property's financial stability.Open Communication Channels:To effectively address the issue of increased expenses, it is important to initiate a constructive and open conversation with the tenant.

My gift to buyers is a free consultation with an attorney who talks to them about safeguarding their new home purchase (most probate attorneys are also estate attorneys).

Just be respectful and sensitive to people's privacy.Build Relationships with Wholesalers:Wholesalers often have access to off-market deals.

The challenge I see with this group, generally but clearly unique to each person, is they are more price sensitive to rent hikes.  

Am I overestimating costs or are my numbers a good safeguard against the unforeseen when running a projected deal?