I was very inspired by the latest Webinar on the BRRRR strategy.

Do you guys recommend any specific reading material or websites that particularly keep you up to date on the latest trends in these out of state markets ?

I don't post a lot of Before & Afters here (I know people get bored of them), but this one is so nice that I wanted to give some credit where it's due...This was a three-way BiggerPockets partnership between @Todd...

On the other hand all of Michigan got the stink on it with the latest meltdown.

While what we give back is only a fraction of what they give us, I still feel good about that.Meanwhile we've also been able to grow the BP community.Our latest in-person speaker @Robert E.

Here are my latest numbers (next time I'll clearly post upfront to avoid confusion).

Whether 8-10% is attractive would depend on how likely it is that the manager would be able to pay the preferred, which I'm still trying to quantify -- hence my latest question on what the expected gross return for the asset class is.The main reason I wanted to evaluate funds with a split is because based on what I've seen, you're taking the same amount of risk whether you're just getting a preferred or a preferred with a split. 

I spoke to the head of commercial lending and I let him know what I was planning, my background, my goals, my current financial position, etc.Once we got past the initial questions and discussion, and I felt that we could work together (eventually) I opened a simple checking account with them just to give them my business.After a few weeks of communication, I shared my latest deal with them.  

My latest deal..

That's like saying don't drive unless you can buy the latest model of "XYZ" car.