It's easy to see all the 19 year olds on here with 100 properties and a $10 million net worth and think we need to catch up, but we're each running our own race.

https://www.whas11.com/article...

https://www.redfin.com/CA/Oakl...This is a $1.2 million dollar home in Oakland. https://www.redfin.com/KY/LOUI...This is a $1.2 million dollar home in Louisville. 

The home is worth a million and the principal left to pay is around 510k.

The 100s of millions they are spending on infrastructure, new hotels (highly recommend having a drink on the roof top of the Hilton.) 

also, you mentioned that investing out of state could be riskier...maybe, but maybe not--it depends on a million different factors (like how much money you have, whether you have a good team in place, your willingness/ability to temporarily move out of state or at least travel out of state, etc., etc.)... 

I promise you that modeling isn’t rocket science but using one formula to buy a multi-million dollar asset is borderline dangerous.If underwriting was as simple as 100 + 20 < 150, wouldn’t everyone be real estate millionaires?

Yes, I bugdget it for a little over a million over the years.

What is making London a great investment spot is that they have put 25 million into the market for development purposes and the prices are cheap. 

Around 5.5 million house deficit nationwide.Up to 40% of multifamily projects nationwide in the next year will be paused, due to the rise of interest rates.