I don't think anyone has ever said anything about sheets, towels, Keurigs, wifi speed, tv stations, pack-n-plays, the games in the game room, the upgraded appliances, etc.

I still think developing good relationships with brokers is the best way and will get you the best results quicker than going direct to seller. 

Profit and loss will be a guessing game. 

One tip is to start looking into meetups to connect with investors / others in the REI game (in person/online).

And then you can use that information to start to develop your own personal due diligence method: Crowdstreet.com, 1031 Crowdfunding, Akr7, Finresi etc.

While sophistication of your equity partners (private money lenders) will vary between residential and commercial, the principle of raising private capital is the same.You need to develop your own system which allows a constant stream of PML even when you don't need the funds and/or don't have an active deal under contract.For example; I raise private capital by offering free educational workshops for people with self-directed IRAs.

Your plan is to “buy out investors over time” then “truly drive down rental prices” and then with the portfolios “income” support “local economic development initiatives.”

Hey Jaxin,Congrats on jumping into the real estate game.

Maybe attend a chamber of commerce meeting and ask around where development will start.

This gives you a foundation for making a fair offer.Secure Financing: Be prepared to show you’re a serious buyer with funding lined up, whether through cash, traditional financing, or a creative option like seller financing.Have a Strategy for Repairs or Development: If the property is distressed, outline how you’ll handle improvements to bring it back to productive use.