I left them recently like many others have in the last 5 months and even though our money was technically an investment and a limited partner contribution, they refused to give anyone their money back even after stating numerous times they would give people their money back if they choose to leave. 

I also want to keep the option open for converting to condo down the road and as long as I am in the apartment doing so much work I might as well.

@Kenneth Joseph PerfidoFrom my experience, you’re in a great position with your Newport property, strong cash flow, and a low 2.8% interest rate.

Low barrier to entry, low taxes, landlord friendly, some amazing class A and B suburbs and a strong urban core. 

Whether you’re a new investor or a seasoned pro, the competition is fierce, and the best opportunities often seem just out of reach.That’s why BiggerPockets is teaming up with DealMachine to bring you the Off-Market Deal Finding 5-Day Challenge—a completely FREE event designed to help you find your first (or next) off-market deal FAST.Here’s What You’ll Get:📅 3 Live Sessions led by Matt Kamp, VP at DealMachine and a real estate investing expert who’s helped customers close over 15,000 deals.🎁 $2,000 in Prizes just for joining the challenge!

.✔ Invest in Professional Photos – High-quality photos and a well-written listing can significantly improve interest, especially in a slower rental season.✔ Ensure All Basic Maintenance Issues Are Addressed – A rental sitting on the market is a great time to check for leaks, HVAC performance, paint touch-ups, and deep cleaning to make sure it’s move-in ready.

When it closed, I won salesperson of the year, getting a “big” bonus and a trip to Australia.

I am in Orange County, California, and a 4-unit in Newport Beach with one unit being a 3/2 for example LTR would not bring in 7K gross income on that unit.

As an investor and a commercial real estate broker I would not expect a buyer  to spend a dime on due diligence unless the buyer/seller come to an agreement on a purchase contract.

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.