I was born and raised in San Diego and have always had a special place in my heart for North Park. 

If there's an opportunity to raise rents and get yourself closer to (or above!) 

I'll play devil's advocate and give a few reasons:New GP will take longer to raise money than an experienced one, and will have more time to answer your questions and walk you through any concerns, if you are a beginner or just are the type to really dig into the deal (which every investor should do).

But I held my "finger on a trigger for too long" and in a state of fear-impairment never dove into REI ..allot was at stake OR so I thought.. posting to Victoria & Vancouver BC (extremely expensive real estate market), raising two small children on only one average family income (barely meeting the ends), demanding work (out of the area taskings, 24/7 duty)..

You’re best bet is learning how to raise capital and be the all cash buyer!

To raise capital, join a local real estate investor group.

We're going to rehash this again after it was raised in April?

Perhaps contact your soi and see if you can raise private investor funds.

They are reasonably priced to purchase, have high cash flow, and can be raised in value by forced appreciation.

Upside to raise rents to $2,500/unit in Year 1 (but I'm trying to be conservative in my numbers for this exercise).