By year three, I aim to cover all operating costs and, by year four, to generate positive cash flow.Experienced investors say it’s crucial to persevere through the initial challenges while gradually building credibility through positive reviews, and I believe them.

I have a follow up question from yesterday's as I continue to build my team in Akron/Canton, OH for STR's.

.$14,990 was the cost of a brand new brick ranch home on May 1st 1960 - I have the original advertising from the builder in Ann Arbor.

The reason people hesitate to pursue ground-up construction here is because it's costly, unless you're building a two-family home where you can live in one unit and rent out the other.

The time has come for me to start investing in real estate and before doing so i'm looking to build a strong and dedicated team of partners: agents, lenders, contractors and property managers mainly in the Cleveland area (but also open to markets within a 2-3 hr drive away) that already possess an excellent track record in their line of work and that value long term collaboration.

Do you have any referrals to build a solid network on the ground?   

With a Condo, couple things to note:1) Financing can be a challenge, but as long as the building is in good condition, you should be fine.

Hello Derick, If you have not already done this, I suggest the Build Your Investing Team> menu/link at the top left of the page on Bigger Pockets and go through the process of building a team.

It builds wealth and most importantly cuts your expenses and gives you a front row seat at being a landlord.Was the best thing my wife and I ever did.  

We value building deeper relationships with investors with whom we align perfectly rather than having superficial relationships with everyone who wants to buy.