These are just talks we have from time to time on experience with how a GP thinks when sourcing and evaluating deals.For value add I only do very fat deals now to syndicate for single tenant.

I would think it would eat up a big chunk if not all of your buy-down.

Trying to be an investor when you don't have personal finance discipline is like going to a cross fit gym when you drink beer and eat fried garbage every night. 

It is totally different if all you have is $100K and the fee eats up 18% of that.

*Feel free to skip the next paragraphYou are what you eat.

And I know it eats up time, but honestly, those are big things.

Hey Matt, when it comes to HELOC's the monthly interest will start to eat up profits after a while. 

Termites etc will eat away structure.

Extending the parking area right up to the house, means no weed eating, just some weed killer a few times a year.

Hiring a property management company will eat away roughly 10% of your rental receipts; however you won't have to worry about creating a contractor list and you may not have to deal with calls at 11:00 at night.Upstate NY is also an option.There are a couple of real estate networking events that meet in NYC.