The LPs job is to create your own vision of where things are going, and then finding investments that align with that.  

I would target a 2.5x equity multiple and 8% cash on cash return, but I would focus mainly on the operators and try to figure out if I believe in the team and vision, and really try to understand if I trust them or not.

Let me know how it turns out; I’m always looking for investors with vision like yours!”

No doubt you'll find that next property with your locked-in vision and crystal clear criteria!  

Returns are great if you get a good area and build a solid team but thats going to take some leg work in picking the right people that see's your vision. 

I knew nothing about renovations, home ownership, or property management, but I had a vision, determination, and a mentor in my dad.

I think the development of the place is in the vision of the leaders.

The Vivid Vision exercise really does work - but it takes some VERY INTENTIONAL time. 

I would only recommend purchasing items that fall into that vision. 

Always curious how others strategize around that.Great question, I make sure that I can hold on during those tough times and don't take on too much that I can't chew.I always try to have a longterm vision and think of the property in a 10-20+ year viewpoint.