So first I want to say thank you to the Biggerpockets my gosh I have consumed so much material Over YouTube and soon the forums to give me the confidence to push forward on my investing journey.

It's a 29 unit park and has a lot of deferred maintenance repair ahead. 

It has been in the works for many years now and shows the effort by the town and the state to really push to make Norristown the younger artsy district that Phoenixville has become.

You should target ~30% - 30% expense ratio (expenses/revenue).Also, the pro forma rents they have are most likely higher than what is in place because it's a value add deal and the goal is to Reno and then push rents.I've never used the valuation calculators before, but I would trust my own math in excel more than that.

Owning 100 units is very much a full time job if you are the manager, and if you have a manager, you are still likely involved on a daily basis to approve spending, review operations, etc.The other thing with goals (and I am all for setting aggressive goals to push yourself against) is until you start somewhere, you have no basis to know if it is reasonable or even something you like.  

The road ahead is long but I'm glad that others have come before and mapped out the course.

Lawn care may be pushing it, since your friend is not renting you lawn area.  

Though we are excited to begin paying mortgage and not rent, we are looking ahead to the goal of financial independence.

In my opinion, the offer to pay all monthly rent in full upon signing a lease is a RED FLAG warning to the landlord of trouble ahead. 

Hey all,We've just purchased our third house and had our first person back out of our lease after doing a few things for them to sign it to make the house move-in ready and pushing the lease start date out a few weeks.