For example, I mention that every adult must pay a $XX application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

If rates become more favorable in the future, we'll have an opportunity to refinance.Why we bought itThe 55-unit I mentioned earlier is a perfect comp for us.

Residential transition loans similar to what Don mentioned in #2.

Often he mentions his enjoyment is the journey to the goal.

@John Sherwood The areas you mentioned are certainly high-demand areas, but they come with challenges.

They have done all the things Zach mentioned plus more.

Sounds like you put in a ton of work to maximize the value, and that basement addition was a smart move.I noticed you mentioned the NYC luxury tax and some of the rental pricing challenges—have you considered expanding your portfolio in markets where you don’t have to deal with those kinds of headaches?

Our group works with a lot of investor buyers in both locations you mentioned.  

I ask because as mentioned above if you have an investment that is  going to return 10%+ then does it matter what the rate is in the long run? 

When you hire a licensed professional, you’re looking for two things - expertise and legal protection.You mentioned researching the market, finding comps, reviewing disclosures, etc...Each of these steps comes with nuances and, in my opinion, takes a ton of experience to master.