My PM is key to my success.San Diego Condo: This is your biggest concern.

It takes into account cash flow, leverage and amortization, depreciation and tax advantange, and appreciation.A property with great cash flow but minimal appreciation might not be the best return for money and effort.A property with negative cash flow and double digit appreciation can be a gold mine.A property with sucky cash flow and very high leverage could still be a great investment if the leverage is low interest because of amortization.The two biggest questions I challenge my clients to ask are not about performance (The IRR gives a definitive picture of that). 

Those are probably the biggest questions someone needs to know to determine the feasibility of your ask.  

STR internet guru's seem to be coming out of woodwork the last couple of years.

That’s the biggest part of the puzzle. 

With your point, it seems like living security of 'where's next' for them will be the biggest obstacle for the seller to overcome.

Thats not my model and homes at that price point havent penciled out for me but im very much doing BRRR in my market with properties that do pencil. we add ~50k-60k of equity per BRRR on properties around 200-230k ARV  You can definitely create equity in D.C. though the 200k listed above is highly unlikely, the biggest issue is at those price points you are deep in the red cash flow wise after refinancing. 

As someone just starting to explore syndications, I’m curious: what’s been your biggest challenge in managing diverse investor expectations, and how did you overcome it?

If not I will consistently update here to create the biggest outreach I can considering my age!!! 

It is never good to be the biggest or most expensive house in a neighborhood.