The communication piece is still VERY much hit or miss.

You might be getting a piece of a pie but you are sharing the risk with other investors.

What's the best piece of advice you can give someone just starting in multifamily real estate investing?

My biggest piece of advice is to do your research and be prepared.

Scheduled to open in the summer of 2019, the $51 million, five- story, 267-unit development will be a large and distinctive presence on the east side of Water Street.- In the past five years, Mobile has experienced a 33% increase in manufacturing jobs compared with about 8% nationally.- McGowin Park developed a huge retail space in 2015 which consists of: 199,500- square-foot retail shopping center containing a future expansion area, five restaurant "pads" and 4.5 acres of outparcel development, and the west development consists of a 148,000-square-foot anchor store with an associated gas station, an 89,600-square-foot shopping center and 7.41 acres of outparcel area.

I often see $130k appraisals but I'm certain the property would maybe fetch $110k on a sale.It's an important distinction.

We don’t put all of disposable income into it as it represents one piece of the ongoing puzzle.

My wife and I got this piece of advice early in our investing career and, to this day, we both look at each other and say "NEXT" in unison whenever one of these myriad annoyances occurs.

Look for demographic data on demand through data providers like Transparent and accentuate pieces of your property that relate to the highest demand demographics.

At 26, having 4 properties and looking for more is quite the story.KeyBank man should be ashamed of himself.I'd disagree with some of the assumptions in this thread.Rate locks don't need to be for more than 30 days.  45 days can cost you a quarter point depending on the lender and it's really not necessary.Always remember that origination points and discount points are two distinctly different things.For us, some origination fees can be just 2 points and some are just 3 points.