When the tide does shift, you'll be cruising on Easy Street while the others are still getting in the water, adjusting their goggles, and warming up their muscles.

Target ReturnsWhile target returns are crucial, these should be discussed only with investors—not brokers or others helping you find deals.Sample Investment CriteriaHere’s an example of well-defined CCC:Location: Primary and secondary cities in the Southeast with population growth.Type & Class: Class C garden-style or walk-up workforce housing with repositioning opportunities.Age: 1980s construction or newer (case-by-case for older).Price: $5M–$12M, requiring $1.5M–$3M in funds.Size: 100+ units.Cap Rates: Market rates.Roof Type: Pitched roofs preferred.Value-Add: Opportunities for improvements or better management.Why This MattersBy creating crystal clear criteria, you:Avoid wasting time on deals that don’t align with your goals.Build trust with brokers and partners by demonstrating a focused investment strategy.Increase your chances of finding deals that meet your financial and operational objectives.I'll be posting each chapter as I go through them so you can follow along from my notes and we can discuss different strategies.

@Thomas Farrell if you have any experience managing property/construction projects, I would look in to flipping properties and keeping the once that you see an acceptable cashflow on when finished.

You can get something that's turnkey or new construction at this price point, and most importantly, there's a strong tenant base ready to rent out these homes.

Keep abreast of the latest fraud techniques and adjust your criteria accordingly.Educate Your Team: Ensure that everyone involved in the leasing process understands the signs of application fraud and knows how to react when they suspect fraudulent activity.Legal ConsiderationsWhile it's important to be vigilant against fraud, it's equally crucial to conduct all screenings within the bounds of the law.

I would suggest you take a few months and watch the market before jumping in because the market has adjusted the pricing because it's hot. 

In most of Raleigh city limits specifically, the lack of room to build new construction developments has stirred the folks in zoning.

Hey BiggerPockets Community,I’m Steven Menotti, owner of Menotti Construction Group LLC (KB-1 licensed) and a fellow real estate investor here in the Phoenix Metro area.

Also, it often helps to connect with a local agent/do extensive due diligence on renovated/new construction properties to see what the property may sell for or appraise for (if doing BRRRR method) as that can impact the price you should pay.

You don’t want your lender to go out of business while still holding your construction escrow funds.Can you provide me with the contact info of some recent borrowers?