Quote from @Bruce Woodruff: Yet you post every semi allegedly positive factoid about it continually.

I'm under LOI to acquire my first LIHTC property (107 units in semi-rural south Chicago suburb) and am moving fast and furious to get up to speed on all things LIHTC.  

Also agree with mutual funds with a semi decent return.

@Akash GaurUnfortunately the chance of recourse is very little unless it’s found they were fraudulent.You are correct that they never submitted their 2022 audited reports or semi annual reports according to the sec website which is a major red flag.

For example, if you buy in a semi-rural area or suburban area the pool of applicants can be much smaller and with an increase in supply it creates a downward pressure on prices and higher days on market averages.

I'm starting to look at Reno/Lake Tahoe which is about a 4 hour drive and Las Vegas but my goals are different from yours - I would buy this house to rent out and in the future, move into it as a primary when I decide to retire/semi-retire (Nevada has no state income tax unlike CA).

I would rent out the Nevada property then later on, leave the Bay Area and move into the Nevada home to semi-retire (work on a part-time/contract basis) - there's no state income tax whereas California is taxing all my income, including rental income from my Indianapolis properties.

My mom was with me and asked why they did not use semi-gloss paint in the bathroom, kitchen and on the trim.

I don't think it will fly with a monthly fee for a semi-annual.

For a normal interior we would use the following- sprayer for ceilings (flat white) and for doors (switch to semi-gloss) - 3'' angled brush for cut in and trim- 19'' roller frame with 1/2'' nap cover for walls (this is where the real magic happens).