You definitely have options with 20k to invest in the city, you're best bet is speak to with a few mortgage brokers first to get pre approved.

So like you I will just continue to explore things and size up my options as they arise.Good Luck with your activities. 

Yes majority of my buyers have invested before, I have some local and out of state investors, one problem that I am aware of is the size of my buyers list  and the property I have is on the western boarder right off of E. 200th st. 

The sponsor can make the most on equity growth with a property versus the small fees they collect.If a sponsor is syndicating a stabilized property for purely cash flow dividends then the property needs to be a large size to give anything substantial in cash flow split to the sponsor.   

Operating costs will vary greatly depending on size and type / class of property.

Like you said, you already knew the numbers were going to work and that's why you bought the deal but I bet you bought the deal not because it had a "good" cap rate.

I like a duplex for a first purchase because they generate so much more income than a SFH but are still a manageable size for a new investor.

The prospectus should speak to the opportunity and expected upside while addressing key risks that could jeopardize the "return on" as well as the "return of" capital.Most real estate investors will know how to "size" a deal and analyze a deal on their own, especially relatively similar investments like real estate. 

These (not the counters) will probably last 50-100 years and could last forever.Home Depot/Menards/Lowes cabs (off-the-shelf oak-faced w/ particle board sides and backs) would have been about $1500-$1800 unfinished, uninstalled, without any soft-close stuff, and I would have had to fit stock sizes in a non-standard space.

He talked about how most of his deals were multi-million dollar industrial deals and that this was nothing in terms of size.