Quasi judicial is mostly non judicial but a ratified sale occurs with the courts.

Therefore, the offering rental price is more reliable than a list price.Of course prices are always variable and a person should look to the mode (most commonly occurring number in a data set) to determine what is most probable.And as I am happy to see others already doing, it is smart to compare apples to apples and oranges to oranges.The point is, rental data obtained from the places where landlords post their offerings is more reliable than a list price.

I add 17% reserves to my numbers in the event of unforeseen challenges occur.

I don't like that structure, as it incentivizes the PM to turn over tenants more frequently, and turnover leads to leasing, vacancy & repair costs.costs .First of all thanks for your advice , I like your way of thinking.secondly, I wasn'ttrying to be hostile at all to @Steve Hall, I'm so situ if it came through wrong, I was just trying to explain to him in a humorous way, a problem that occurs by a lot of people without much experience,  they read and read, but the don't realize that it takes actual Experience, to understand what you're reading...

I often break it down into the "five pillars" of protecting your assets.1st pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.2nd pillar is a good insurance policy as that cover the majority of your exposure.

It just never occurred to me.

I often break it down into the "five pillars" of protecting your assets.1st pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.2nd pillar is a good insurance policy as that cover the majority of your exposure.

The Refi option occurred to me too, and I kind of get the basics of the BRRRR strategy (im sure theres a ton of forums on it), but I still need to learn the finer points of it. 

I am totally open to losing money on these units in some years (short term) if large capex expenses occur in order to build long term wealth. 

However, it occurred to me I skipped a step and need to know which markets to invest in.