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.

Although I don't have much experience in this field yet, I am passionate about real estate and hope to continuously learn and grow in this industry.

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.

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.

@Seth Williams I work in the group home industry.

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

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

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

What would be the "significant and legitimate public purpose" for the government getting involved in what seems to be a tiny percentage of transactions in an already heavily-regulated industry?

Next, and again my current experience is in a different industry but one that's a highly dependent on Google reviews and ratings, I've found that there's always a break-even point where "paying someone off" doesn't provide enough of a return on the payoff.