Took my chance the first time in 2017 and never looked back.My transaction was always one property into multiple.

But then again, people are successful at this, people run profitable trailer parks and all that, so there's a chance it works as well.

Chances are the prices of houses will keep going up, but the interest rate will fluctuate a lot during these 20 years.

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.

Most owners over value their property, and particularly if you are looking at off-market deals, that seller is not even motivated enough to list their property, so the chances of you getting a "deal" are very low.  3. 2-4 families don't trade on cap rate.4.

@John Matthew Johnston 80% of the time, it's a thankless job:(You're never fast enough for complaining tenants, nor fast enough or cheap enough for owners.To have any chance of success, you have to be extremely organized, or every day starts with your hair on fire!

That’ll create higher chances of your project finishing ahead of time and create better alignment with you and your general contractor.

I will be at the two year mark in about 5 months.Hopefully, improved supply chains, permitting in the city, and being further out from Hurricane Ian helps new construction in the area, as a whole.

Interest rates atm seem quite high so will ride this out a bit longer (and ratios will continue to improve over time.) 

Over the past few months, I’ve been diving into Brandon Turner’s books and bingeing Dave’s BiggerPockets podcast whenever I have the chance.