As you prepare to invest, you might also want to connect with local real estate professionals who can provide insights and help you navigate the market.

Nobody replies back and the app is hard to navigate.

You'd likely need some help navigating the short term rental permit process.

Can someone recommend a trusted expeditor in Brooklyn (Kings County) who knows how to navigate the system and help me clear the violations.2.

I specifically want to expand on Chris's point by discussing capital risk buckets, which help set a target return range for IRR.At my company, they are as follows:Core: Lowest risk, Class A product, in Central Business Districts, ranging from 7-10%+ levered IRR (since you're in development, I assume this is most of the asset class you handle).Core Plus: Still low risk, strong location with potential upside, 10-13% levered IRR.Value Add: Medium-high risk, Class B+ or B-, mediocre to strong location with operational or physical upside, 13-15% levered IRR.Opportunistic: Highest risk, major upside potential, varying locations, 15-20% levered IRR.As for the GP/LP split on promoted interest, GPs can choose an aggressive split, but the decision should be strategic and consider the preferences and risk tolerances of potential investors.

They are free to use and the software is super easy to navigate.

We’re looking for any advice, personal experiences, or tips that could help us navigate these decisions.

There's a lot of laws to navigate, the market is excruciatingly expensive, and the properties you purchase may not cash flow immediately.

Flexibility and a proactive approach will help you navigate challenges and protect your investment.3: Make strategic improvements 🏡Not all renovations will boost your property’s value equally.

., being taken to the proverbial cleaners by a syndicator who was once a LU member but decided to quit and go bat-**** crazy -- I'd never join again if I had the knowledge I do now that their sacred "white paper" (rules for syndicators/GPs/"leads") has absolutely no teeth, and that they do not stand behind the passive (limited partner) investors once something goes awry.