If the zoning won't allow it, then it would be a waste of money to continue with the renovation.

But by coming together with others, one can get in the game and put their money to work in these bigger, potentially greater return deals without having to do it solo.

No one wants to put in the effort, work, time and money, into a healthy habit or - for real estate - into a solid asset.

At this point I am reading books, saving money, and looking to make relationships in the investment community.

If it is a private money/ commercial style  lender, it is a relatively simple process.

My last deal was my first off market deal and when I contacted the sellers wife about the deposits she said that that was a given as part of a multi family sale and they’d write me a check at the closing as I requested because money was tight and I didn’t want a credit where I’d have to come up with the funds out of pocket later.

This contributes to a higher-than-usual premium in the spread between the 10-year Treasury and 30-yr mortgage rates i.e. higher mortgage rates.The complication today is that since buying a hell of a lot of these bonds from 2020-2022 they have been steadily selling them back into the market or allowing them to roll off/expire.This does put upward pressure on mortgage rates.The Market Lives in the FutureBeyond directly lowering treasury yields, QE increases the overall money supply in the economy.

Once Apartments.com is going the money comes without much thought. i check on the first to see that the transaction has initiated then again on the eighth to see that the money deposited.

Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

If I would have bought a sustained portfolio with multiple units rather than starting with a single purchase I truly believe I would have lost a lot of money while my systems flailed rapidly attempting to catch up.