Then, if the current tenant leaves invest in upgrades to increase value and rental income. 

We love our place, but with interest rates and our area listed as one of the fastest growing areas in the US, property value will continue to increase.

But I haven't met many successful 'self-made' CRE investors who haven't lowered their pain factor, crunched their timeline or increased their learning curve without seeking out a mentor or two on the way.

.#5 Make Decisions Based on the NumbersYour real estate investing strategy should include the financial parameters by which you determine if a property is worth purchasing.Your strategy may include details about: Purchase price range.Investment cash needed for repairs and upgrades before leasing to tenants.Financing strategy for the short and long terms.Bargain purchase (the percent under fair market value a property must be purchased).Immediate value increase (the percent in increased value you expect after making initial repairs and upgrades).Geographic area.Net income.Cash flow.Net cap rate (annual net income/total value).When you find a potential investment property that fits within the guidelines of your real estate investment strategy, you can pull the trigger based on the numbers rather than emotions and personal preferences.#6 Don’t Buy from Unmotivated SellersMotivated sellers are usually willing to work with buyers, so focusing on finding motivated sellers can result in making great deals as a real estate investor.

@Kris Nicholson You should join TREIA, and (independently) feel free to attend tonight's Triangle Deal Maker Sessions (go to MeetUp for details).

Also get ready for your HOA fees to increase!

When the company needs more money will you take loans or each have to increase your investment equally to ensure 50/50 equity?

Does anyone have any tips or tricks as to the cheapest/most useful updates that not only are eye catching to a potential tenant, but increase property value at the same time? 

I guess my other question is wouldn't cash flow potential increase over time as your mortgage cost (the interest payments) decrease and you can increase rent. 

You get 13%.Increased Scale, Less Risk – You’re investing in a former hotel with 23 upscale units and a view of the Cali River.