However, If you invest in these very cheap D-F properties, reality often underperforms the paper proforma returns for a couple of reasons:1) Tenant class is lower, leading to higher turnover costs, increased risk (especially in COVID) of non-payment issues2) Capex costs. 

Being 19 years old and having friends who are just now graduating high school it is easy for me to make excuses for not starting, but in reality, I have been saving a large pool of money for the past two years and reading lots of books on real estate.

I understand that many people underwrite with a general number for each property they analyze, but the reality is that each building will require different maintenance budgets.If you look at the macro state of affairs' in the Bay Area, I don't think the supply of properties will catch up to demand anytime in the near future.

I thought I could start off in the east subs, but quickly was brought to reality due to my all in budget, so now I’m looking in Detroit, but struggling to find a house that makes sense.

it sounds he approaches it similarly to me.In reality I approach it less as me asking questions, but making sure the investor understands there are very limited rights afforded them as a passive investor.  

In a span of 15 month I went from being your average 22 year old apartment tenant to someone learning how to negotiate contracts, hire contractors and engineers and create a plan to make my vision a reality.

The question about "market correction" is the wale-song of those who just want things to go back how they were, well the problem with that is that in 2,000 years of real estate things have never 1 time "gone back to how they were", that is reality.

It doesn't give newbies a good sense of reality in most markets - especially Boston.

We've allocated expenses to everything we could think of so in reality our cashflow will likely be higher than our "estimate".

In reality they're being cautiously unrealistic and killing what could be a deal.