I want to minimize my leverage as much as I can for my first one, just to give me the best chance of success.

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

They Pooh Pooh the cost of the program as “insignificant” when you consider how successful you’ll be.  

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.

Hey everyone,I’ve been diving into Chapter 1 of The Multifamily Millionaire, Volume II: Create Generational Wealth by Investing in Large Multifamily Real Estate by Brandon Turner and Brian Murray, and I wanted to share insights on one of the most important concepts: Crystal Clear Criteria (CCC).When scaling up to larger multifamily investments, having clear and specific criteria is critical for success.

Hey thank you very much for the advice, yeah I have been extremely successful within the stock market and do love it so I appreciate the help.

After reading Brandon and Brian's book, The Multifamily Millionaire, Volume II: Create Generational Wealth by Investing in Large Multifamily Real Estate, I'm a bit puzzled as to if the GP's must have real estate experience, or if someone can connect enough professionals/companies on their team to execute successful investments.

I have had decent success challenging appraisals and getting improved results.  

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

I started with a house hack then purchased my own rentals/BRRRRs and now I own a successful 7-figure rental portfolio.