What you will have is an RE that is cash flow negative that is unlikely to experience significant appreciation.  

More likely that the document is correct, and the change to 12% was made recently. 12% seems to be middle of the road but still pretty decent, yet generally Baltimore city RE is a bit more risky than rest of MD .Lonnie Pickard

@Stuart Bartle welcome to the RE investing game.  

I'm not a R/E pro, but do work in the finance world.

I've built a $18M RE portfolio without ever having to do a syndication.I hope I answered your question properly!

None of the turnkey companies I've talked to offer any type of tenancy guarantee (outside of guaranteeing that they'll re-tenant the unit within a couple of months) -- if you know any that offer guarantees of tenancy that would sound very interesting!

I've been dabbling in the world of RE for the past couple of years and now taking some serious steps moving forward with some MHP deals.

As consecutive Mac Conway Award Winners for Excellence recipients, Montgomery is well positioned through their "Imagine a Greater Montgomery" initiative to re-shape the city vision.

And those also only have a limited ability at best to generate a balance sheet, which you generally want to include on a 1065 return.came here looking for answers to exactly this question, and David is correct re: why.

Find a renter, qualify them, move them in, collect rent, oversee repairs, re-sign leases, move them out, turn the unit, rinse and repeat.