The tripling of lumber meant housing starts were actually slowed.

These types of loans are meant for flipping and come with steep fees and interest rate.

@Bradford Dessy I am assuming you meant to reference a Tenant Legal Liability policy instead of a Tenant Protection plan?

Hi @Ryan Kelly My apologies, I thought you meant as a listing.

Some business relationships are only meant to take you so far.

Earlier on when my children were younger, it simply meant not getting adequate sleep and neglecting all aspects of my life that weren't my W2 job, children or investing in real estate.

The more units meant more streams of income, and also the location had lots of construction going on before I bought the property.

I sold and started rolling that money into syndications, because it meant less work, less worry, and, when taking real Capex and repair reserves into account, I could make more money.So what is a real reserve for rentals: $20/mo for the roof, 500-1000/yr for turn over costs, $33/mo for HVAC, $83/mo for full kitchen remodel every 20 years, $33/mo for full bath remodel every 20 years, exterior paint, decking, fences, tree trimming, garage doors and openers, flooring, baseboards, blinds, etc. 

For the longest I was saying “Tulsa is where OKC was 5 years ago” and what I meant by that was I lived in OKC during it’s urban renewal and it was a thing of beauty to see.

Added time, meant added holding costs (though those weren't incredibly high).Learning opportunity #3: I went over budget.I think that's pretty well expected for many projects, but nonetheless, it happened.