Apartment data is very good for BFR.BTR more resilient to flat rental growth.Fundamentals of BFR are normalizing.Look at supply coming into any market you are developing.Look at yields that are accretive to debt.Investors in 2021 and 2022 looking at just yields and not market value of their assets.

To get the most out of your investment, make the most of the rental revenue from other flats and think about renting out extra beds or units to renters.

I am a licensed Real Estate Agent but I am not a broker, I pay my broker a fee for holding my license similar to a commission split but its just a flat fee. 

I was worried about the slab foundation and flat roof.

Get 100-200 agents paying a flat fee.Have you built out your model yet to see how many agents you need?

Originally posted by @Jenning Yu:The problem with your numbers is that on the life insurance side you only considered the return produced by the new loan each year.You forgot to reinvest the profit from the prior year return.So in year two, you are taking a loan of $81,090 but the return will be $8,568 because the 10% return was not only on the $81,090 but on the $81,090 +$4,590 that was left over from the prior year.I made a better spreadsheet with also accounting for taxes.Cash value: 85% of the premiumLife insurance return: 6%Loan value: 90% of cash valueLoan rate: 4%Tax rate: flat 20%If the outside investment return is 10%, the insurance + investment overpass the investment in year 9.at 15% return, it will be on year 15.at 18% it will be on year 29,at 20% you'll probably be dead before :-(.Now if the life insurance return is 8%,if the outside investment return is 20% the life insurance overpass the investment only in year 8at 25% it will be year 11.at 28% it will be year 18at 29% it will be year 25at 30% you'll be dead before.Of course, a higher tax rate will favor the insurance side.

Late fees are flat fee charges while the 10% will be against any unpaid rental amounts.It appears that the actual unpaid rent has been satisfied now, this is why those funds collected were applied to the late fees next.

Decent Data quality and unlimited records for 1 flat price.

$200k is a lot of money if you are in a flat market.

From all the road shows that have come thru and I attended the first free 2-3 hour presentation, I could tell those presenters knew nothing about Texas, were flat out lying about their knowledge, and weren't going to teach the right info about Texas.