As long as the numbers make sense, you have a deal.  

The market makes sense for rentals now so I would keep it as rentals and only do the conversion if it made sense down the line.

If so the license makes sense because there are two things people love to discuss in real estate, investing and luxury real estate.

Does it make sense to access the funds to buy another property even though it brings my first properties cash flow down? 

.$25,000 loan8% interest$183.44 monthly paymentI hope that makes sense.

And keep in mind I’m going to rehab It in about 6 months so it doesn’t make sense to do a ton of improvements such as replacing the carpet (which needs to be done).

Make sense? 

The game rules change and start making real sense starting around 65+ units, depending on the usaulal factors of course (location, demographics, jobs, companies, amenities, etc.). 

Eugene, really want to thank you for taking the time to type that out.You articulated a lot of my thoughts and how I was thinking...except now they make sense to me hahathanks

As I look at the current asking prices and run numbers, I am not finding anything that makes sense. (1% rule is not happening and cap rates are like 4.25%-5%)I am new to this world, haven’t made a real estate purchase yet, but I am interested in meeting people in the space and learning as much as I can.