Save your coin for a property.

Building - 4-plex1-bedrooms, 750ftLaundry in basement (not coin op)Storage in basementParkingAsking price: $38995025% down: $97487.50Amount financed: $292,462.50At 4.5% interest rate, mortgage payment would be: $1481/moCurrent rents: $650/unitBased on market, could potentially move to $750-800/unit with some updatingUsing $750 (to be optimistic) - $3000/mo in incomeProperty management @10%: $300Leasing fees: 1 mos rent: $3000/yr or $250/mo (if all the units needed to be leased during a year @ 1 mos rent per)Capex reserve @10%: $300/moMaintenance/repairs @5%: 150/moVacancy @5%: $150/moProperty taxes: $452.83/moElectricity (for basement, laundry): estimating $100/moWSG (currently landlords responsibility): $320/mo (estimated based on Tacoma's pricing)Insurance: $70/moTotal monthly expenses: $2092.83$3000 (income) - $1481 (mortgage) - $2092.83 (expenses) = -572.83/moAm I being too conservative in my numbers?

Risk is risk, smart landlord want to know.Granted if you are renting to C/D tenants screening is no better than flipping a coin.

Robert Kiyosaki has a saying, "there are three sides to a coin".

On the other side of the coin they took care of all the booking for that unit.

Some rain delays have set us back a little on the final grade of the front and pouring the concrete but we should have our CO in about 3 weeks.

I usually see commercial developers budget for a 4 year project.After land seller delays,political delays,zoning and site delays,construction and phase funding drying up these projects can take up to 10 years to get the first phase going.If there are multiple phases you could be looking at up to 20 to 25 years to finish.Everything constantly changes.The people in local city and county changes.The mayor can change.Budgets from the city and county allotted to development change.Type of project and viability can change etc.Used to developers just made an LLC with high LTV and put a little coin in on high non-recourse say 90% with 10% down.Maybe 85%,10% down,and 5% mezz debt.That has all changed.Lenders want recourse and your first born now and cities and counties need monetary assurances they won't be left finishing up a half built project of roads and lighting and the tax payer footing the bill.They want you to pony up other trophy properties in your portfolio as collateral.This has caused developers to be ultra conservative on what they can pay for land to develop along with projected rents they will get during lease up and completion.

Id sure rather double down on another property than Tesla or Doge coin that is for sure.

NOW if you are one of those who "did a lot of crypto" then I may have a different message for you. 

Water heater/furnace/Coin laundry are maintained by HOA.Current tenants are living there for last 1 year, and kitchen appliances are in functional condition.