Also, cap rates are so low it's impossible to BRRRR.I have a big advantage in LA area because I have a contractor partner who can build at cost, however, I am wondering if there is any interesting markets 1-2 hours from Los Angeles that can be more realistic to start.Would love to start with a project under 1M.

Does anyone have any advice or warning with investing as an LLC or with a partner?

Partnering with a local Las Vegas expert, like a realtor or property manager, can provide valuable insights.

For the amount of work that the developer/builder partner will put into it, 20% might be low (especially if they are going to be the guarantor for the loan), but if they are willing to take that, then good for you.

We are looking at a 2/2 with a strong AirBnB history with decent intellectual property pass down.I am just cuious what people's thoughts are on the Joshua Tree market in general?

Hi Laura, Here's my advice Attend Real Estate Networking Events, Join Online Real Estate Communities, Utilize Real Estate Investment Clubs, Network with Real Estate Professionals, Create a Professional Online Presence, Utilize Referrals, Partner with Experienced Investors, Attend Real Estate Auctions, Offer Value, and you know what's the last?

Permanent debt commercial mortgages also generally will not play with an in-place DSCR below 1.25% (possible exception for very strong/experienced borrower, but such a person wouldn't be making a thread like this one, no offense. :).An interesting result of the 1.25% DSCR being more firm on the commercial side is that rent-to-price ratios and cashflows are better.

In North Atlanta, like Cobb and Gwinnett, there's a history of strong job markets and good schools, leading to higher property values but also more competition.

You can discuss KPIs, market strategies, sales tactics, and offers an accountability partner.

Don't agree with a lot of it, but strong arguments.