Your friend should work with then tenant to presure the Housing Authority to make a move as soon as possible, I am sure the tenant wanting to move in will want to presure his / her social worker to rapidly approve the place.

I see based on your profile picture that you understand the importance of reps :)  Just like lifting weights, there are a lot of different niches within REI, so I would find one you like and then find people doing it full-time. 

@Michael I certainly understand that a 30 year pro forma is just a guess and put little weight into property value or rental income in 2040; however, I am curious about the year one pro forma and wanting to make sure that I have positive cash flow out of the gate.

Thanks Brock.The reason I am attempting a fund is that while I have 2 immediate opportunities, I was hoping to get some additional capital for the next opportunity that is TBD since the market is growing rapidly.

Cons: Some areas have been experiencing rapid price increases, so careful market research is needed.

Remember these things are getting rapidly better.

I do have a rapidly growing portfolio and would like to cover all my tracks.

Situated in Houston's vibrant inner loop, it ranks among the city's most coveted and rapidly expanding neighborhoods.Job Growth: Houston is expected to add approximately 57,600 jobs in 2024, continuing its trend of robust employment growth.

With PHX expanding rapidly with no end in sight, it's only inevitable that Downtown will follow suit.

For reference sake, we have one mortgage at 7.5%; one at 5%; and all other financing below 4% with an overall portfolio weighted average interest rate of 3.785%I don't care too much if you have 5 properties or 500, but I'm curious if others have gone through this thought process at some point in their real estate investment journey and if so how did you make this decision?