The majority of them are in the grind and are not at a place where they have millions of disposable dollars where they realize that buying one more profitable investment won't have a huge positive impact in their life.

This will impact your costs and time commitment.Risk Tolerance: How much risk are you comfortable with?

Your response also got me thinking about how this classification might impact the appraisal if this is not a mistake.Rick 

This section should outline the process for documenting and approving changes, as well as their impact on the budget and timeline.

I want impact- where I can make a difference for people, community, etc. 

It's just one more government body asking for a lot the same information.  

Additionally, smaller properties (2-4 units) tend to have lower cap rates because they qualify for conventional financing, which impacts the math.If you’re struggling with cash flow, finding off-market deals or considering seller financing could be a good way to improve the numbers.

While they are the obvious ones, they are much less impactful to building a solid partnership.

We get into RE to have a positive impact on our lives.  

The project was budget-conscious but impactful, ensuring the unit is ready for future renters.Reflecting on 2024: Wins, Challenges, and Lessons LearnedLooking back, my first year as a landlord was a crash course in property management.