EP #1 doesnt get out of bed unless the deal is $20mil+ and EP#2 is more in the $1-$2mil range and would hope to JV a potential project with others.

I will meet in person with a potential seller if they show interest.

I've spent the last few weeks researching and trying to broaden my knowledge on the subject as well as listening to a couple webinars and podcast.

I am open to potential collaborations.Thanks!

@Samuel Farhi Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Hi,We have found a really good potential tenant.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Also, my CPA filed the income as 'short-term capital gains', and after a bit of research i've seen that my income was suppose to be reported as standard income, or is that not a big deal?

( i always researched the history of house that I purchased...always find facsinating story after a while ) Yeah, those are very old numbers LOL.

Eventually, I'd like build a portfolio of 10 (potentially random number) properties.