I'm however a bit skeptical how they can offer 12% so consistent for so many years.

I will add that Upper Northeast Philadelphia is one of the more consistent neighborhoods over a large span area wise.

Most fields to become world class at something take 5 to 10 years of consistent work and improvement on a daily basis.Today about 21 years in with commercial real estate I have tons of business and also properties I can purchase.

These are boiler plate loan agreements that are consistent with the loans underwriting requirements.

If you value simplicity and consistent income over high appreciation potential, this might align well with your goals.

The rents go up consistently every year which is very important for appreciation and increasing cashflow over time. 

The team has to consist of a local realtor with experience in the areas, a lender with experience in commercial lending, and a contractor. 

I completely agree that while luck plays a role, consistent diligence is what tips the scales in our favor over time.

Every experienced investor started where you are—hungry to learn and ready to grow.Lean on mentors, network like crazy, and stay consistent.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.