The note space is vast and the knowledge required can be daunting, so having two partners that specialize in other key areas of the industry has definitely been a big plus and something I probably didn't even realize when starting out.  

My preferred contractors and vendors and where I'd recommend they get advice from on key areas of my business.5.

In my case, I am a buy and hold investor buying from a distance, looking to form a working partnership with and train a local house-hacker or BRRR partner, who I can train to be my local boots on the ground.In this, I am looking for more of a top level "master list" of the key areas of responsibility and knowledge/expertise that are needed for a full service enterprise, to evaluate my own areas of weakness, and also evaluate potential partners for what they will need to know and learn.Thanks in Advance,Aaron

If there is some coordinated effort among developers or incentives from the City for increased development in the key areas, the surrounding neighbourhoods will benefit from the spillover once the key areas reach critical mass.

@David Greiner, I came across your post from a couple of years ago and wanted to ask if you ever found a realtor in the Siesta Key/Sarasota/Longboat Key area that checked all of your boxes (knows the market, shrewd negotiator, etc)?

Jordan,There are single,double,and triple net leases.The ability to re-purpose the building fast and cheaply is key.Certain corporate tenants with the building design if they go out you have massive costs to get it to a rentable state for another tenant type.Case in point I know a Sonic building that has sat as a foreclosure for a year.To re-purpose it you would have to take out the drive thru stalls and the building itself is so small you can't do much with it.One key area I didn't see touched on is that YES with a TRUE triple net you do not pay for anything.With other single or doubles you might get a little more but pay for expenses so it's almost a wash in the end.The lease is guaranteed and you get mailbox money.The down side is these tenants have rents stay the same amount for long periods of time before any increases and when it does increase the rate is marginal.So when inflation kicks in year after year the returns are diminishing.If you are trying to protect your money they can be an excellent investment.Tell us more about your situation which will help.I like corner locations or right next to the corner as they hold value and are easier to re-purpose and re-rent.Even though the rent doesn't increase as much the land should be way more valuable in time unless the area dies off and growth migrates elsewhere.You can also assume loans at sometimes 90 ltv putting down just 10%.The reason is lenders see these loans as having little risk and low chance of default.I specialize in multi-family and also triple net so contact me with any questions you have.

Properties in the key areas of the city ie BB, SE, BH, Midtown and even The Fenway require almost 25% to 30% down in order to create cash flow and appreciation.  

Hello - I am reaching out for friends who are considering buying a second home in either the clearwater beach/ Siesta Key area.

Part of the problem is some of the key areas for duplexes/triplexes are key areas for developers to build.

Here are three key areas to pay close attention to: Landscaping Good landscaping can quickly transform the exterior look and feel of your home.