It was a trial an error, emphasis on error.

Thankfully the previous property manager was very strict about rent being submitted on time and we have had no issues thus far.We have made this a clear point of emphasis with our old tenants and now in our new leases.

I would not have bought in Clinton Hill, Bed-Stuy, Ditmas Park, Windsor Terrace, all in Brooklyn.I would never have seen rents and appreciations which moved up 5 times the purchase price, 10 times the purchase price, etc.I would not be purchasing MORE investments, this time at $2 Million for a multi-family.If you really want to Invest in these higher appreciation areas, you should really put some thoughts into the Future Financial Maths, the Pro-Forma 10 year Projection Business Plans, the Economic activities in the areas, the cycle that I described above, and for international cities like NYC and SF, global fluctuations in Currency risks as foreign money moves from higher risky international areas (think Venezuela in today's current economic news) to less risky International cities.Just some food for thought!

Emphasis on light.  

(emphasis mine).  

When I was in project management, I worked on global projects.  

A background in economics and financial economics, previously worked at a bank, now in a global leadership program at fortune 500 financial firm. 

I'd much rather be in RE for the coming storm with assets that I owe fixed amounts of interest on.Compare Dent's opinion to john bogles recent interviewhttps://personal.vanguard.com/us/insights/article/...obviously cap rates are going to change once interest rates no longer hover near zero but with proper marketing - even in a heated area , deals will exist that easily beat these projections for "safe , armchair investments" 4-5% , we're staring down, not stagflation or anything like that but a definite slowdown globally, with africa and south america and parts of southeast asia being the last catchups for actual industrialization (I suppose a good portion of india as well but they haven't exactly been growing slowly these last few decades)Millenials prefer to rent IMO because so many are burdened with debt and so many baby boomers have yet to retire because of the double whammy to retirement funds that was 2001 / 2008 , millenials aren't stupid - just poor. 

Hi Account Closed with hard money, expect less of an emphasis on your credit score and really no check on your personal income. 

I have come to the point in my real estate investing career where I know in order for me to continue to grow, I really need to put a much greater emphasis on networking.