I usually just do fox and rent for my own.

The fix/flip might be a good way to get such a relationship started: usually has lower cash out of pocket requirements and you can sell the property faster to recoup the capital invested, plus any profits.

Usually its a safer bet.

Most of my CFO clients that are in residential development are looking for IRRs (usually over a minimum 5-year period) in the high teens and the commercial developers are looking in the low to mid 20% range.

Also Cocktails and Real Estate at Patriots place.BP does have a local meetup section which usually has good local options.

If possible, consider a duplex or single-family home with extra rooms instead, as they offer better appreciation and flexibility.

If you don’t mind a little more advice…when I’m running projections like this, I like to use the worst case scenario and if the numbers don’t work out in that scenario, I usually pass on the deal.

Personally, I bought a 3 bed single family home soon after starting my job and had two friends from college rent which covered my mortgage plus a little extra.

The price point to entry here is usually $120-180k to find positive cash flowing deals.

And a local resident is usually very helpful.