Catch is ... it is zoned at RM20-A, which for those of you keeping score at home, is apparently not eligible for a Non owner occupied STR. 

By prioritizing fundamentals over chasing ROI benchmarks, he’s now sitting on an asset that’s appreciated 30% and maintained strong cash flow.Personally, I once miscalculated reserves on a triplex I bought early in my career.

Quote from @Michael K Gallagher: @Jonathan Greene thank you for the reminder, its often the fundamentals done well that win out time and time again.  

You'll get to a point where you can say "no" to prospective owner clients who are not within your "buy box" per-say.There's been a lotttt of money dumped into PM to fundamentally change the experience.

The Biggerpockets books were fundamental to the start of my journey in REI.

Once rates change direction and start a new directional trend, it usually takes a major event or change in fundamentals to reverse again.

Here are a few key pitfalls to be aware of:Common Challenges:1.Aging Properties: Many Section 8-eligible homes are older, which often means higher maintenance and repair costs. 

LLC-A deducts the 10% management fee, while LLC-B reports it as active income, subject to self-employment tax but eligible for tax-efficient salary and distribution strategies.Ensure the setup has a clear business purpose, reasonable compensation, and documented management services to avoid IRS scrutiny.

Starting small with multifamily properties is my ideal preference at the moment, as I focus on learning, growing, and immersing myself in as much information, data, and real-time experience as possible.As I build my investment portfolio, I could definitely see myself being interested in scaling up to larger acquisitions in the future, but for now, my focus is on mastering the fundamentals and starting small.

In addition, due to them being eligible for conventional non-commercial financing they typically have lower cap rate than 5 units and more.