Like, realistically, someone who can write a check can also hire a contractor.

Regardless, you sort of need to take two steps at once: A) talk with an attorney to understand your options and nuances of those options and B) start having conversations with people you might think would invest with you to understand if there is any real interest, what they are looking for and if you can realistically offer that to them with what you are doing.Once you have that, then you need to understand underwriting with investor capital, proper fees and profit splits, taxes, reporting, etc.

It began with understanding underwriting, despite its complexities, and learning to trust my judgment and make realistic assumptions.

Is more realistic and reasonable. 

i think this is a MUCH more realistic picture of what it's like during the first few years than the online hype.  

Believe me, I know about the online gurus, I've been trying to avoid what they market wholesaling to be, that's actually why I came to ask on BP to begin with was to get realistic perspectives, even though it is a grind, I think it is a grind I am willing to make.

they give a more realistic picture of the first few years of investing than the online hype.https://www.biggerpockets.com/forums/12/topics/1171104-the-m...https://www.biggerpockets.com/forums/48/topics/1159104-overl...

That said, through conversations with brokers in the area (and evidenced in the comps I’ve created) I’ve learned that this strategy may be slightly outdated as most properties are currently at market rents given the current rental environment, expenses aren’t a realistic lever to rely on to add value, and there is a real risk I get priced out of the market by buyers with cash, 1031 exchanges, and with longer term hold strategies willing to pay an extra $10-20k per key.

Thanks, JaredHi Jared, realistically how much equity have you built in the last four months since you’ve closed?

Is it realistic to expect we will get premium rent in a neighborhood?