After conducting thorough due diligence, including a professional inspection and market analysis, the property was acquired for $72,000.Renovation and TransformationThe renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

I only bring it up to say it can be done, even with a group that doesn't have a long history in that market (the two deals I mentioned were the first in the market to acquired by a Sumrok student).

I know that in the future we will have some sort of market downturns and you could lose all that you acquired with properties that target low paid workers.Behavioral issues are a significant concern.

I started investing in 2015 and until now acquired 5 doors, 3 of them in 2019, so my perspective is to keep growing portfolio whatever the market is.

He's an acquired taste but I've read many of his books and maybe I'm a fool, but I believe he is genuine in his commitment and drive for success.

She is also the property manager.There are a LOT of skills, experience, knowledge, and resources required to acquire and operate good investment properties.

You have acquired skills that are worth 500k, so maybe you can translate that into an adjacent career path and leverage your existing skills?

Quote from @Mitchell Catoe: Rookie here……but D.S.C.R loans seem to be a great way to acquire property. 

It means that you, as the purchaser, cannot close on the purchase of the property until (subject to the terms of the contract) the seller identifies a new asset to acquire with the proceeds of the sale. 

I had closed on the new construction in January 2022 after acquiring the land through cash.