Sure the million dollar suburbs are nice if you have that kind of money and are playing the larger appreciation game but dollar for dollar pound for pound when it comes down to rent to value ratio its difficult to find the same kind of cash on cash returns section 8 rental properties offer in Detroit.

The investor also had no backup plan, and it was clear they hadn’t considered the potential risk if this failed - they just said "we would foreclose" - which if they did would (at best) provide single digit return...It gets even better, if they did get the borrower to follow their exit strategy, they would make around 13%...Here’s the problem: The gurus often make note investing sound like it’s just a game of persuasion, telling you it’s "easy" to get borrowers to agree to anything if you push the right buttons.

Learning & experience is the name of the game getting started! 

So MTRs that are close to the "action" are great.Also, I think the MTR market is getting more and more like Airbnb in Denver and Colorado, in that it's not an amateur's game.

@Jonathan BockWhile paying taxes is not fun and trying to defer them is part of the game - my wife always jokes that the more you pay the more you make and if someone is paying six figures in taxes - well they are making a very decent living.

So unfortunately, as you scale, finding creative solutions like my colleagues above have suggested will be the name of the game. 

You've already been on the sidelines soaking it in, now it’s game time.

That's part of the game, I get it.

The mindful approach to real estate investing, off-market acquisition strategies and dialogues, asset hunting, flipping on a small scale, negotiating🙌 What are you most looking to get out of BPCON 2024I was on a panel at BPCON23 with Devon, Leka, Anson, and Henry, but this year I am just in the crowd and always looking to make deeper connections, especially with all of the attendees who I have had on my podcast over 170 episodes🤝 Fill in the blank: If I could make a great connection with someone who is an expert in _________ at BPCON2024 then I would leave BPCON happyI am getting back into the STR game and have been investing in syndications over the past year, so both of those tracks are in focus for meSee you there! 

One of the side benefits is that the tenants now have skin in the game so to speak, and my gas bills have gone down a bit.What kind of heating system do you have in your property?