Thank you ahead of time for any words of wisdom

I assume you would want to take a portion out each month to save for when you need a new roof, or for something unexpected.Convential wisdom is 5% of gross.

I've just joined and am already so grateful for the generosity and wisdom of this community.

I've been listening to the early BP Podcasts and the conventional wisdom is to stay away from condos.

Lots of folks here in the forums with wisdom and experience so always feel free to search for answers to you many questions, or launch new ones of your own.Best of luck to you and look forward to following your success on BP!

I had thought of using a commercial Realtor, and I might, but considered an auction as well.Considered a BP Marketplace ad, and may do that because BP has been so helpful to me in achieving my REI goals.Have had some interest from local REI friends in our community, and may work with them, but need to minimize trips through the units.Access has to be coordinated through the property management team, and can get cumbersome at six condos.These took me a while to put together, and I only get the opportunity to sell them once.I'd love to tap the collective wisdom of our BP Community, to get it right the first time.Thank you everyone, my warmest regards, and best wishes for your journey.

I think he provided a lot of wisdom for all those landlords on this site starting out.. 

It's 'conventional' wisdom now, but not when he first gave it a shot.There are many advantages to the low interest rate environment of today.

@Kevin Parekh Thanks for your service..wish I had the wisdom as a young airman to put my extra $$ into real estate..thought I was smarter than my dad and ignored his advice for my own 'hunch' to put everything in the stock market...and here I am 20 years later on BP.$100/sqft sounds high if you haven't built before...I've been beating my head against this for the last 7 months and in my limited experience that's what it will average out to be.

To clarify I'm not looking for magical agressive growth, just something better than cash sitting in a safe or a traditional savings account.Thanks for your time and wisdom, and if there is anything I can help you with, just let me know!