Personally meaningful but not explicitly obvious I'm tied to it unless someone is very motivated to dig up corporate ownership records.

All areas of Chicagoland are not good for all types of REI but for every type of REI there are good areas and for every area there are good types of REI.To get meaningful info you need to look closer and with more nuance.

The connections I've forged through Subto have not only enriched my professional life but have also led to meaningful friendships that extend beyond mentorship sessions.Furthermore, the wealth of resources available through Subto is truly remarkable.

A change I’d make is that your cap rate is the same as your cash on cash if you’re not using leverage.However, cap rate and CoC are still not your overall return because it doesn’t include appreciation, which is a meaningful part of your annual return.Sometimes people say you shouldn’t expect appreciation, but I do expect appreciation, and I think it’s reasonable to do so.I hope this comes across in the spirit that it was written - a friendly exploration of a fun and interesting topic!

I suspect without being removed from market it would have occupancy in the low to mid 80s and may have had some small positive cash flow.None of the 4 units have positive cash flow, but this is in large part to extracting equity via refinances in Dec 2021 (so they are all near 80% LTV).  

The best insights extracted from all of this was learning cost per types of renovations.

The agent knows that I was not paying close to retail without a plan to extract most/all of my investment.  

With proper set up of books and accounting procedure, you should be able to extract the information you need.

Both cash.Miami is a unique ecosystem as it’s fed by cash from around the world and cash that for the most part needs to be extracted and laundered in American assets so what’s happening here doesn’t make sense on 99% of the deals as foreign investors have no problem overpaying.

However, full-service cost segregation study may not be cost-effective, i.e. it can cost you more than the tax benefits extracted.