Investing in this deal appealed to me due to its stable demand, lower management costs, diverse tenant base, scalability, resilience during economic cycles, and potential for generating passive income.

Feel free to make your own best decision.

This involves finding distressed properties, using savings for down payment and renovation costs, and using investors for closing costs.Good luck!

Feel free to reach out if you'd like to connect! 

Anything that is almost guaranteed to be used daily in your rentals (i.e. couches, bed, chairs), I'd try to invest in as much quality as you can for those specific items.Some store sites will let you filter for "contract grade" or "commercial grade" items - these are the sorts of furnishing that get put into higher-use commercial applications such as hotel lobbies, apartment building amenity spaces, etc. 

Check out FilePlace, where user-created forms are available for free.

So in year 6, that same 95k initial investment they made is going to allow them to gain 24k net rental income (and the depreciation is still enough to cover that so it would be TAX FREE), 51k, in appreciation, 11,500 principal paydown = roughly 86k in total return in year 6.So a 95k investment after 6 years would give them an asset that they'd have 539k in equity. 

They will go down sooner or later, and if deals work at the current cost of capital, then they will look even better when rates drop.Maybe it's time to evaluate other markets?

In general it's a passive way to own real estate as the tenant takes care of the headaches and cost of repairs in most situations. 

So, few days ago, I received a notice that the application is denied.