Thing is I hit a wall, I want to expand in my area, but I also want to expand in other areas and I am stuck in a little analysis paralysis scenario.

My current tenant has removed a picture from the wall and replaced the provided bedding with their own belongings. 

They raise X amount of dollars and then hit a wall, because they are not prepared.

I actually sold a Class C a few months ago - I saw the writing on the wall after one Class C, very likely no capital gains after all my passive losses.

While I know that even prestigious Wall Street funds have gone belly up, my learning in all of this (same with ATM Fund with Prestige/Daryl Heller, is as follows:1.

Quote from @Account Closed: I would say.. can you save the tub and re-glaze and redo the tile on the wall can save you $1,000 or more just on materials and labor..

Once again, that is the myth that started from Wall street trying to sell their portfolio.

Laundry room wall painted black is odd.

See the attached maps of his/his related entity real estate investments (courtesy of The Wall Street Journal). 

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc.