Since I’ve been syndicating real estate debt and a few equity deals for 25 years, I’ve made it my business to maintain a constant “overview” of the “product” being offered.  

Apartment - asking 450. Can get it for 425Total FeesHOA- 397Taxes- 388Insurance- 157Would put 200-250 k down.Renter in it now pays 2650. Probably can get 2800 to 2900Is this worth the investment?

This could include an easement(ingress/egress), shared costs(s) to maintain the well, or usage/owner. 

I want to answer so it benefits this Thread.first most of what Morris is selling is D class not C class its bottom of the barrel hood rat properties.SEcond that tenant class .. is renting for the cheapest rent in the US ..these folks are a flat tire away from not paying rent.when you rent for 600 .. its common to put them into the unit with only 2X the rent If they even check qualification and from what I am hearing in feedback they don't do that PM is weak at best.so here you are your making 1,200 a month and have 600 rent.. that leaves 150 a week to live on.so do the math .. very difficult for these folks to maintain   continuity to their life.. and lets say they get in with 3X rent.. that's 1,800  a month minus taxs say 1,500 car utls food etc.. you can see what tight wire they are at.Take  B or A class renter at 3X rent... rents 1,200  3X verifiable is 3600 a month ... leave 2,400 a month to live on .. not 600 or not 900...

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Its costly to maintain a real estate license.Also keep in mind if you are not a member of your local board, you can not use their forms.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

We have been sharing a car since 2020 in different households when she worked from home and attended college online.She worked and studied, maintained good grades and was compensated for it via her school and the system.

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

Hey Jeff, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.