Key details:- Existing debt: $2,038,000 at 3.8% with 7 years remaining- 92% of units already upgraded- Recently implemented RUBS program- Strong occupancy in a growth marketGiven the current debt structure and property improvements, this asset presents an attractive cash flow opportunity with potential for further optimization.

Renovated all apartments, converted M2M tenants to annual leases, instituted strict rental criteria, implemented online payment portal, invested $75,000 into leasehold improvements (HVAC, drainage, exterior paint, concrete.)

Next time, consider implementing a RUBS system to prevent this issue from happening again.

I hope to gain knowledge and experiences along the way (hopefully with more triumphs then mistakes if the knowledge was implemented correctly).

Only choose one or two investment strategies to implement and learn as much as you can about them (picking multiple strategies will only lead to analysis paralysis and cause headaches, which will likely lead to no action taken).

You don’t want to get caught below market when your city/state decides to implement rent control mid-lease and trap you below market forever. 4) I’ve never raised rent less than $25 (already at or above market.) or $50-100 (5%) if even slightly below market.

I used to work for a large regional bank and I don’t recall us ever implementing this option.

Instead, any alterations would need to be implemented within the existing code.Therefore, unless you're willing to hire me to modify the tool's coding, I wouldn't be able to assist in updating the code to suit your needs.

Typically speaking a 2 bedroom will bring in more if all other metrics are the same (i.e. location and amenities).In saturated and competitive markets I really do not like 1 bedroom or even 2 bedrooms as the barrier to entry is low and you will always have a lot of competition, and you are even competing with hotels at that point.Also building HOA's are scary, and Florida implemented the milestone inspection which means special assessments in most cases.Without diving deeper on all the numbers I cannot it will not make sense, but in my experience it will not make sense more times than not and it is risky.

There is nothing wrong with waiting for the right home as it always comes up is what he suggested so I really need to be patient and trust the process.That is similar to the strategy I am implementing so we are prepared for the right purchase.