You want to be careful not to bite off too much on a first purchase so maybe if more four units or less or available that could be a better starting point with less risk and more ability to learn without potential loss.

Highly recommend you start getting sample contracts from other PMCs to evaluate what yours may be missing.Then, you may be able to renegoatiate the contract with your current PMC - or move to a better one.

Can't think of many better things other than my entire team achieving success time after time!

Hello All, Just getting into the real estate world and looking to get better informed and learn from these forumsStan

Quote from @Shiloh Lundahl: This mistake is in thinking one can time the market. 2012 was a better time to invest than 2019, and 2019 was better than 2024.

We made a proposal to them to help grow in a better area and they accepted the offer. 

The motivation is not necessarily to scale into larger opportunities but rather to achieve better balance and also optimize the performance of the projects and types of projects I currently pursue.I have no shortage of individuals who possess specific skill set who would want exclusive rights to that particular service vertical in return for contributing capital and a partnership interest (construction background and wants to take over all construction duties or someone who is a sales broker and wants to list all of the properties etc.)

In person is better than over the phone if possible, as I have been told by annoyed or lazy clerks "NO STR allowed" as that was the easy button to get me off the phone, or if they are anti STR. 

I want to build my network, get a better understanding of this market and share my knowledge with others.

And to make things better the seller reached out to you aha.