I often joke that if they want a 1/3 of the revenue they should put up a 1/3 of the down payment and co-sign for the mortgage..lol Also depending on the geographical region, there's a chance the larger PM operations could be managing several properties in your area.

Everybody is judging your home by the first 2-3 pictures you use and the first few lines of the description and the title of your listing.

It's a geographic list, we market to that neighborhood because of turnover ratio.This person decided to sell to me directly because his home was in horrible shape and it wouldn't have shown well on the open market.

A lot of short term rentals meeting that description have recently moved to long term furnished rentals due to lack of bookings.

Hey I just wanted to say Leo this was an amazing description you gave.

I saw a listing for a 15-unit apartment building that is for sale and the property has a 5.3 cap rate, this isn't the issue.The issue is in the listing description the agent said the building could have rent growth potential based on the rising rent prices in the area which she said would bring the property to a 6.6 capNow my question is why would I buy a property for 2.5 million when with this new expected cap rate the property would tank to just under 2 millionNOI is roughly 132,000 and most units are in pretty good shapeAnother note is the average cap rate in the area the property is located in is a 6.4 cap

Know your numbers and geographic location and make sure they match.

Still fun though, but it never was for the faint of heart....I think we will see a 'redistribution-of-wealth' (geographically, and in a manner of speaking) as people take their investment dollars and put them into markets they can afford......?

We spoke to real estate agent about it briefly and decided that we did not want to take on the responsibility of the designs given the uncertainty with the current septic/property.Jan 21 2024 -Adjustment in the description that the new Septic system was already being designed.

The voice of the market - Where it is in it's life cycle and what that means for investing both demographically, as well as geographically.2.