You can read 10,000 books but you will learn exponentially more mre going through your first deal.

Does anyone have any experience with MTR's in Wichita, KS.

I am relatively new here, and I am in the process of reading Brandon Turner’s The Multifamily Millionaire vol.

As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!

You still need to put at least 10-25% down depending on experience for a hard money loan.

The others are trying hard but really just part of the experience- varying from losing money, breaking even or a small positive cash flow.

Thanks for sharing your experience!

I am new to investing and have been doing some homework/studying what I can find and reading as much as I can.

Does anyone have any experience with this property management company in Kansas City, MO?

Based on your experience as a lender, what is my likelihood of having a "letter of intent to employ" accepted by an institution?