@Jay Hinrichs - Money is currently cheap and it's driven down the yields many institutional seller-financed note buyers will accept.

Quote from @Jon A.: I don't operate in the turnkey space.

Once you go above 5 units, your property value is driven by the property income and you can increase your equity by increasing the rents.Two years later, you sell 2 houses and buy a 4-plex ($100K of old equity plus $100K of new equity). 

For example, a % is first month lease, renewal fees, admin fees, onboarding fees, etc.

My competitive advantage in the marketplace was building the properties as opposed to buying them.Buying a property is 2-3X more expensive for the exact same property; obviously building is much more difficult and it took me 3 years to identify the best materials and people to be able to get the job done before starting.Both properties:Duplexes, $60,000 total construction cost, $30,000 interest free loan on the land which will be paid off upon sale of the properties even if its in 20 years (purchased the land from a close family members)No mortgages on the properties, therefore incredible cash flow, as obtaining traditional funding in Ecuador is virtually impossible unless for a large commercial project.Cap Ex and Repairs on the property are virtually non existent seeing as the homes are only a couple of years old, but I do put aside a few hundred dollars per unit in a savings account for eventual repairs to the property.property 1: Unit A, I live in it when I'm there or rent it out on Airbnb for $75-$125 a night depending on the season.

Obviously we live in a world driven by money, for that reason anything we do that generates income is being done primarily for that purpose and that purpose alone.

After reading the report, I would have driven home, packed a suitcase, and went to a hotel.

The graphic below summarizes the residential investment situation in Las Vegas.Prices and rents are driven by supply and demand.

A. I

@Edward Briley @Angelique A. I