You will need to have the time, understand how to underwrite a real estate deal, understand how to market to buyers and sellers and have the ability to build a team on the ground in the market you choose. 

This cannot get passed through until the commissioners review and choose to vote on the bill. 

In a rapidly-rising interest rate environment (such as we've recently experienced) that tradeoff may or may not pay off.Unfortunately, in CRE finance there is no perfect financing vehicle and you can't eliminate risk--you must choose which risk you want.

@Tatum Littleton, I appreciate your welcome and reassurance that we are choosing a good starting place. 

Vanessa, If you choose the seller financed route, you could potentially continue investing under the bank's stringent debt-to-income radar, so to speak.

For choosing an area: back then I did it by looking for frontiersman in the bodegas.  

You have to make sure that whatever company you choose will maximize your profits. 

From choosing a property management company to landscaping companies.  

Upon contacting Rent to Retirement, we were told by the rep that Delta "cut off" communication with Rent to Retirement and if we choose to continue with Delta Build, we will have to resolve issues with them ourselves as Rent to Retirement can no longer speak on our behalf.

If someone would choose a new, small 2/1 for 250K or a 3/1 1950s build for 250K they would choose the bigger one all day long.