Also know that you can't necessarily trust the NOI as presented, you must, must, must run the numbers.Here's a good link to start understanding the basics:http://www.noneman.com/pdfs/White_Paper_Cap_Rates....

I am assuming this is in TEXAS (I am editing this as I thought I was in the Austin Fourm, I understand now that you might not be in Texas)  as each state has their own set of laws that property managers must follow.  

Consult a CPA or real estate attorney to understand tax implications, build a reserve fund for unexpected costs, and research local regulations to ensure a smooth and profitable transition into rental property ownership.Good luck!

These resources, along with Dave’s inspiration sparked within me a passion for alternative investing and personal development.My PPR BeginningsDetermined to understand the business I was working in, I immersed myself in all things note and real estate investing related.

The better theming will attract a higher quality customer that understands the value.

I understand that these rules vary depending on the state, but any thoughts on this?

Hi Hellen, not sure I understand what you are saying.

@Keetaek Hong I have a lot of clients who are facing the same challenges but they understand the long game and that it's imperative to build a portfolio, With that lowered interest rate I mentioned you are looking at 30% down and including PM fees will typically have you around break even or barely positively cash flowing.

I do understand all recent syndications are struggling with costs and tenants struggling to pay, so trying to be patient for now.

I have a referral I can send you, I recommend going with an individual with experience in co living rather than a traditional company who doesn't really understand the model.