Quote from @Steve Lehman: @William VreelandAs a local Indy Investor and RE consultant I have been flowing the IHA development closely to see what kind of developments have been happening.

Tenant was acquired with property upon closing(they have lived in their unit for 2+ years with on time payments). Their previous lease includes a portion of storage in the basement with laundry access(also in basement...

most of those transactions you as the buyer pay a premium FAR exceeding a 3% RE fee but people still use them and seek them out thinking they are getting some off market deal when in fact its on market .. its just the wholesalers market not the mLS>

as others have stated, if a RE agent does not believe they can sell the property, find a different agent that believes they can sell the property.  

If i lived in San Jose, the first RE investment that i would consider is a local property with an ADU that had distribution on the lot that would allow a profitable lot split.   

We have checked- and re-checked the loan docs.Long story short - we lost the deal.

Networking with luxury RE brokerages will probably fast track you as well. 

If i purchase RE at 80% down, i have 5x leverage.  

You may also have to pay a broker to rent it, when usually the tenants cover that during peak rental season (May-July for 9/1 leases).Good thing is once it's rented you should almost never have vacancy if you're mindful of re-listing it in a timely fashion.

After 16 years in my career (RE broker) and 13 years as an investor, I'm at the equity growth stage as well.