On the other hand, investors who rely heavily on debt markets tend to respond swiftly to macroeconomic factors like rising interest rates, concentrating on large, management-intensive projects, and adjusting their price targets based on their evolving cost of capital and future cash flow projections.The top end of the market sees a limited number of marketed investment deals, but the sluggish transaction activity is not due to a lack of supply at the lower end.

I have several friends that are heavily invested in the space and could help you out.

I believe Michael Blank invests heavily in apartments.

However, based on the loans they are telling people to get and the course time frame - that is heavily implied as doable. 

Please feel free to check out my profile for more details on the investment, but we were able to spend 1 year slowly renovating the apartments as tenants moved in and out, invested heavily into leasehold improvements (long-term fixed like HVAC, water heaters, exterior paint, property drainage, etc), converted month-to-month tenants to annual leases, and raised rents to market. 

That In my opinion is the best thing for $40K of investment. 3) REIT can come in many flavors and I would be very careful about them considering huge commercial big box stores are taking it on the nose right now and many REITs are heavily vested in that type of asset.

@Avery BilesThe BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy relies heavily on precise cost estimates for rehab.

We invest heavily invest in the Columbus market. 

If there's a huge jump between 2022 and 2023, that'll count against you (the 1099 income will be heavily discounted because it's inconsistent).

John Roberts also is one of the organizers for Red Stick REIA meetups in BR and is heavily involved in REI.