Same general concept with a partnership. 

@Dana BoyesThe open house concept is slowly going by the wayside.

Purpose two is for the protection of the owners of the real estate through the concept of uniformity and conformity standards. 

Two things that I find generally to be true: one, the whole rental concept works better at a price point around the median.

I wouldn’t feel comfortable buying a rental until after a year or two of proving the concept with the team.

I live in Oregon, housing market is pretty inflated over here, and the area is growing seemingly pretty quickly as I'm located near Portland.My knowledge on real estate is very limited, I'm just starting to learn about the concept of rental property investing.

I reserve my vitriol for the overall model, or concept, itself.

I am constantly reading but books are starting to become repetitive with many similar concepts. 

Example would be a $3.5 million building requires $750k in cash and the rest in debt and a year or more to develop from concept to completion.

@Cody WeberIf you search the {Canadian} forums there are a couple of threads discussing just that very subject ... one not terribly long ago as I still recall contributing to it.The practice of {correctly} buying an unloved property; rehabbing that property; and re-financing has been around far longer than Brandon's catchy little acronym.While the concept is universal, the financing component is somewhat different here in Canada than in the U.S.A., so keep that in-mind when reading content here on BP.