As my favorite derelict who used to hang around my old warehouse from the neighborhood used to say, “What had happened was was”……contractor turned out to be an incompetent, window-licking muppet, largest tenant moved out, rent declined for 2 months, my part time help all got hired away, and because I had the stupid idea that it would be easier to get all the work done myself and then go chill, I promptly burned myself out.This was accomplished by not much other than sheer willpower, and the lack of ability to delegate, implement systems, and the small fact that with 3 tenant suites added on top of my semi-ambitious-yet-I-Think-I-Can-make-it-work construction budget, my wallet became a small furry doe-eyed creature dropped into a pit of vipers.

(my run 25-40 without management) Your largest expense will be property taxes..

Jake, This is what my partner & I do.....we buy in San Bernardino & Riverside Counties for the largest profit margins.

Luckily, I fell into an awesome job working for the nations largest producer of oil and gas where I make a decent buck.

June 24, 2008 12:39 PM ETBANGALORE (Reuters) - Countrywide Financial Corp shareholders vote on Wednesday to approve the largest U.S. mortgage lender's purchase by Bank of America Corp, marking the demise of the company perhaps most closely associated with the nation's housing bubble and subsequent collapse.The vote will be held at Countrywide headquarters in Calabasas, California.

All of the sudden I was their largest customer with three units, having to clean each multiple times a week.  

The underlying assets of the REIT and their yield playing the largest role.

Long article with list at bottom.Terryhttps://research.realtor.com/2018-national-housing...Top 100 Cities list below.Top 100 Largest U.S.

To give you an even better picture - my best friend and owner of the 2nd largest mortgage brokerage in Texas - I met off BP.

The benefits of these assets are derived from four distinct components:C= Cash Return  (you may see this called Cash-on-Cash return)A= Appreciation (in linear real estate markets there is slow steady growth of asset value)P=Principal paydown (tenants rent checks pay down the mortgage monthly)T= Tax Benefits  (if your syndicator uses a cost seg study and an accelerated depreciation schedule your returns may be completely offset by K-1 depreciation you will receive for the first 7-8 years...tax free money)Every commercial MF asset is different.