Strategic Purchase: Acquired a discounted double lot below market value with a $17k impact fee credit.Custom Design: Built a 6-bed, 5-bath home tailored for co-living or multi-gen use, maximizing tenant appeal.Efficient Management: Managed construction, and self-managed operations to minimize costs.Premium Marketing: Furnished the property and used multiple platforms to attract quality tenants quickly, achieving full occupancy.What was the outcome?

When cap rates increase you have to have an impact on NOI great enough to overcome the cap rate adjustment plus a profit. 

Secondarily how will the multi-family concept impact the most immediate and impacted neighbors?

IMPACT Lindale East Texas Real Estate Investors | FacebookThere is also the Impact Longview group that meets out near the airport.

the rates increases have really impacted BRRRR.  

In contrast, Chicago’s prime location drives higher rental rates compared to many other cities in the Midwest, which can significantly impact your return on investment.

I fired my pm who got me by purchasing the pm i had hired and lost my 1000s of reviews during covid lock downs (so 2020 and 2021 were covid impacted).  2022 had a down time that affected the year.  2023 and 2024 the entire off season was worse than before covid.  

The entity you select can impact everything from how you're taxed to how you protect your personal assets.LLCs are often the go-to for real estate investors because of their simplicity and flexibility.

Condo Conversion Bill impacting Hudson CountyCondo Conversion Bill Pocket Vetoed by Senate President

The location being Las Cruces, New Mexico was yet another sucker punch that has negatively impacted my ability to do much with the property.