That being said we have noticed a bit of a shift in the market with the recently legislated changes to borrowing, etc...Fortunately the realtor fees would be lower than expected however this might be offset by additional marketing costs depending on how how aggressively the project is advertised.Although it is a Seller's market there are still some deals to be found.

I'm coming back with an update (a little shift in perspective from my first post) and also some tips/advice.I initially came to BP with the a goal of buying and holding MF units in the VA Beach and Newport News areas.

I am a Realtor in the Tampa Bay area who is shifting my focus back to investing.  

Shift profits from his LLC to something else to avoid taxation?

Looking at some of my own properties I see numbers a couple percent under that, however I had to make some adjustments for unnecessary repairs (upgrades) that I did, on one property I had a big issue from a storm that took a $1000 deductible which put it well over that mark but since it's not a typical cost I removed for this; so with that kind of stuff in mind know that you need to be prepared for greater and when I take these things off for this purpose I do not ignore them which is why I have a good reserve fund that I always hold for nontypical repairs (when I tap into that reserve I shift all cashflow into rebuilding it before I do something else with it).

Fantastic book on the shifting and shaping of the demographics of the future.

@Jay Hinrichs  Not to shift the topic from rent control/ affordable housing to homelessness, but I lived in SoCal for three years and after growing up on the east coast the homelessness was a bit of an adjustment.

Sadly I am just now seeing that degrees won't lead to financial security, which is why I am shifting gears into entrepreneurship.I am in beautiful San Marcos, Texas, the area is booming and would like to take advantage of real estate opportunities.

We try to shift these expenses to the tenants via charges to their security deposits.

You guys make my graveyard shift SOOOO ENJOYABLE!