Most likely galvanized pipes. 

Hey Mordecai,Sounds like you’re in a great spot with your real estate portfolio already!

Lemos:  Interesting.. does not sound like a secured interest in the note.. kind of like how Peer st. had their partial interest done.

Lots to offer here for heavy hitters, and intermediates like myself.

Op ex ratio may end up being more like 45% or perhaps 40% with newer high quality construction.

It doesn't seem like the WSJ released tax guides for 2024 or 2025?

Not the best time of year and we're in an emerging market area about an hour outside of Charlotte, NC.30Y DSCR c/o Refi's have already been done on every eligible property after rehab / 3 months seasoning.As more of our properties come up on 1+ yr of ownership, despite losing likely future appreciation of 25-30%+ annually and paying a 5% PPP, I are open to selling some houses off to start paying off much of the high interest debt accumulated outside of mortgages. 

The more people you meet the more you'll recognize the ones doing what you'd like to do and you can start learning to how to provide value to them / find them deals maybe.It's a tough market and unless you are providing value to an investor it's not going to be as easy as finding someone to shadow, i don't think.

It's like buying a house next to a bus depot.

@Tim Bergstrom sounds like you are well on the right track.