Best wishes and best of success to you in 2025.

To have a chance at success it is critical to have a team that knows the city very well and that includes both your realtor and your property manager.The areas that look like you're getting good cash flow for an inexpensive property are often D-class neighborhoods where you'll have to deal with frequent turnover and difficult tenants.I'm not saying you cannot be successful owning rentals in Baltimore City.

But I’d say the key to success is building a reliable team on the ground.

On one hand, if a sponsor was that successful in flips (high margin, fast turn), they wouldn't need a fund.  

So far I've had success with three deals and the equity gap was $20-45k for each of them and the rates were 3.125-4.25%.  

He's an acquired taste but I've read many of his books and maybe I'm a fool, but I believe he is genuine in his commitment and drive for success.

Also, I wish you many success in 2025!

The key to success on this property was recognizing its market-ready condition.

This is the “over night” success that’s taken 20 years.2 - Superior uncommon knowledge, combined with experience and capital and a willingness to take a risk (speculate).  

But me and my clients have had great success with MTRs here in Temple, TX - its about the only thing cash flowing well in my market right now.