There are so many options for LVP now, from lower priced to higher.Yeah, that's not a proper install, you'll have problems.

Generally speaking, Boston proper is an appreciation market (low cap rates) unless you have a solid value-add play.

Let’s just say the hard money lender became my best frenemy for the duration of this project.

Consider consulting a CPA and attorney to address tax implications, liability, and ensure proper documentation for your multifamily investment partnership.

There was a BP member who was quite active for a short duration that presented hi use case for RE not being a good investment compared to other investments especially ially stocks.  

The reason is that one wants to be able to properly avail themselves to the laws and protection of the corresponding state where the property lies.

I get the desire to own outside of Chicago proper, but instead of going to another state altogether, why not invest in one of the burbs?

Third, the turnover / repair / eviction costs are not properly in the proforma. 

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.