The Real Estate business in general can be learned by meeting and having a local 'mentor' walk you through things...classes, seminars, and the like are great "motivators" and open your eyes to new ways to do things, give you energy and connect you to others in the space.

From my own eyes redacted took a 2 week break while a new studio was being built, during that time Clayton did mobile shows and we noticed European plates on cars then freeway signs from the interstate system, I am very familiar with these we lived there for 65 years, tune in to redacted on you tube, they talk about living in Portugal and no longer do.

By the time we came back security had pepper sprayed the gang leader and he ran into one of the rooms after breaking the glass and rinsed his eyes out and ran away.

I will offer this suggestion, If you can secure long-term tenants post-leaseback and consider future value-add improvements, the property could yield even greater returns.Also, keep a close eye on commercial real estate trends in Middle Tennessee, especially given the area’s growth.

And some of us been replying back yes there is, just where they are, how to get them, has changed a bit and it's no longer as simple as closing your eyes and randomly throwing darts at a MLS map and buying whatever. yes, those days are long gone but if your willing to roll-up the sleeves and get professional at it, there is "deals" all over the place, you just gotta get skilled on how to find them, tap them, monetize them. 

I have my eye on a 4 plex I'd like to buy, renovate, rent, and hold.

The location and access to amenities make it a super desirable area so you need to keep an eye on inventory and competition.

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

You take away all of the eyesores that you can in a one to two week period so you can rebrand a wholesale (off the market) as a market sale (on the market) to an investor.

Keep an eye on your debt-to-income ratio and overall leverage to avoid overextending.