This seems like an appreciation play and I'm not a big fan of that.

They are all optional to a cash buyer, lenders require Phase 1.Gotta pay to play in commercial space...

@James Fonteno You are thinking about a stabilized multifamily which is classified as a yield play.

Hi @Chris Mason narrowing down an strategy is exactly what I'm trying to do that's why I need to gain more knowledge about this subject, I'm a very analytical person and just like playing chess I like to analyze all the scenarios, always thinking 1,2,3,4,5 steps ahead then set up all my pieces  in place and then go for the checkmate (In this case landing a good deal, lowering my risks and maximizing the profit or cash on cash ROI). 

Ideally there's a balance between the notion of Right First Time and Minimum Viable Product that should be struck whereby one acquires enough knowledge to act and then uses action to adapt and evolve.

Morris Invest is a scam and they buy properties in D class areas and then try to play them off as if they are in great areas with awesome rents.

A lot of syndications look for value creation through repositioning, professionalize management, etc.Looking specifically at “c” it’s hard to reposition the property if someone else owns part of the property and if you keep the PM it’s still the same management.So maybe it’s an awesome building and you’re buying a conservative yield play with the potential to recognize the “bought it right” equity on exit?

We plan to play a lot of this by ear as we don't know where we will end up as we learn. 

It's not difficult to do, but would just be ideal if all the communications (including FPI letters) came from the servicer..

Does this mean that he property value has gone up and can be sold, ideally for 30k more?