Serial Entrepreneur here that has been working on something in this space part-time for several years.

Indeed, once the construction is well advanced, I'll put my extra condos for sale as the risk is lower and the developer has already raised the retail price.

Congrats on getting an eviction under your belt.Take time to learn all you can about screening new tenants - that is the key to reducing the risk of evictions.

Before taking the plunge, honestly assess your finances (income, debts, savings, and risk tolerance) and research your chosen market thoroughly (rents, vacancies, property values, landlord regulations).

I love these new tools and look at them several times a week as they are always being updated.

This could be a good additional income stream later in retirement.Am I putting myself at risk?

Account Closed yes that is correct Arizona is not exactly in my back yard however knowing the risk of hurricanes etc in the Florida regions I felt more comfortable heading in the other direction.

Biggest thing to know about investing in Texas real estate is property taxes will severely impact monthly cashflow, but long term appreciation has been fantastic here, historically.  

Estate sale put in a bid against several other investors How did you finance this deal?

When eyeing multifamily investments, you’ll likely encounter two key metrics – cap rates and gross rent multipliers (GRM).At first glance, they seem similar, but there are some important differences between the two.The GRM simply divides the purchase price by the property’s total potential rental income–it doesn’t account for operating expenses.Cap rates, on the other hand, factor in both income AND expenses to give a more complete profitability picture.The main advantage of cap rates is their ability to evaluate better and compare investment returns, risks, and value.