If you were to bring in a PM for this, you'd lose anywhere from 5-10% of your gross rents, which would probably eliminate a good chunk (if not all) of whatever cash flow you were anticipating.This is something else I see all the time where potential investors/landlords do not take into account the cost & time of managing the property.

Every time I check the MLS and see what houses are selling for in Angel Fire, I am shocked.I'd be happy to set up a call if you are interested to know more about my opinions of the area and if you are potentially interested in considering some properties.

Reach out and I can help you run the numbers on potential investment out there. 👍 

Would love to hear more when you get the project up and running, we'd be interested in potentially filling an endcap or doing a FSSTB if there are outlots available, and if the market demographics are there.  

IMO the potential payout is too low verses the cost and actual risk. 

With the potential NET of the sell you could, 1031 into a larger asset (MF, several homes, portfolio) and spread your risk over these newly acquisition.

Calculate the potential ARV, rents, renovations costs versus ARV for Max LTV.The mentors are supposed to be the professionals helping you and ultimately it’s down to just picking your team!

To be confident moving forward, I would check Rent comps for my terminal product's units, draw that up into GOI, calculate expenses or just multiply by 0.7-0.75 to subtract annual expenses (utilities, maintenance, taxes, insurance, etc) and arrive at NOI, then subtract my other expenses (like debt/loan payments) over the year, to see what we're looking at in potential CF once fully stabilized.

This allows you to invest in real estate sooner while occupying one unit and potentially renting out the others.

Let's connect and explore potential collaborations.