One piece of advice that I often give out to people is to find niche microcommunities that fit either your offer or your profile/personality, and this is a prime example of this.

Ask yourself what you bring to the table and how you're a valid piece in the partnership.

The communication piece is still VERY much hit or miss.

You might be getting a piece of a pie but you are sharing the risk with other investors.

We don’t put all of disposable income into it as it represents one piece of the ongoing puzzle.

What's the best piece of advice you can give someone just starting in multifamily real estate investing?

My biggest piece of advice is to do your research and be prepared.

Properties are pieces of a market.You're not doing anything wrong with your property analysis, you are doing wrong in your choice of markets.

My wife and I got this piece of advice early in our investing career and, to this day, we both look at each other and say "NEXT" in unison whenever one of these myriad annoyances occurs.

But I want to at least know the pieces on the board before I invest.