But is in a rise of land so it has a broad view down the valley.  

Makes sense in this higher rate environment.  

Inflation itself in the midwest territories will rise over time at a conservative 3% regardless.

I would say anyone who has done 5 flips is experienced and that success rate should be closer to 90% and up.

It's a balance of cashflow and wealth accumulation.One of the goals is to have tenants pay as much of your cost-of-ownership as possible (loans, taxes, insurance, etc.)In high-cost areas, any Class A or B property you buy will usually negative cashflow for the first 3-5 years, until rents rise enough to cover the negative cashflow + rising taxes & insurance.Investing OOS increases your risks because you may not know the market and you can't check on everything/everyone all the time.If you move forward with your buddies, HIGHLY recommend creating a solid Partnership Agreement!

One thing that happened back then its the rise of all this private money..

BRRRR is not a great strategy in the current market due to the mortgage rates so it's not as applicable as many think from reading older posts or books about how easy it is.

Rising interest rates at the time created downward pressure on our ARV.

Like our other class B shares (we also invested in Praxis), they stopped paying out pretty quick when the interest rates when up.

Fuel costs likely to rise over time, but work from home helps