Can you tell me your break down... how much more or less you paid for eletricity, plummer, foundation... thanks  im planning to do my in east los angeles using my friends thtat i know work in the industry.. construction, but i dnt know, what do you recomment and how long did the process last.. from city permmits and builting it... 

So you cannot just look at industry Cap rates alone unless you understand an operators abilities for higher yield on costs.BAM Capital is becoming an institutional investment company in multi-family Real Estate with Brokers.

There are other ways to be part of the real estate industry besides being an investor and those may be more financially advantageous for you. 

@Seth Williams I work in the group home industry.

Remember, the right property manager is a gateway to industry insights and local networking opportunities, much like the valuable connections you're making here on Bigger Pockets.Wishing you success as you embark on this exciting journey.

In fact, Flagstaff is affectionately called “poverty with a view” because it’s expensive and super pretty but the main industries are basically just NAU and tourism.

We did quite well in the Timber game in the 90s Owned many thousands of acres of Timberland during that time its a great industry one of the favorite things I ever did beat the heck out of rental houses LOL

Look for sponsors that have been in the real estate industry thru several economic and market cycles.

Both virtually and in-person.This will help you learn the industry and the market.

The existing number of vacation rentals are so far over those caps that anyone who gets on the wait list today will likely wait 5-10 years before they're up for a permit.I do think this is the natural progression of what is still a relatively new industry.