Paying $1000 more if you are going to hold 20-30-50 years is not going to make any difference if you get the deal, but can make a huge difference if you don't get it.Some of my investors have lost $100,000 or more the past couple of years, because they would not pay over list price.....I've also fought for $1000 here and there.If I had started when I was your age, I would have house hacked like crazy.....put up with a small inconvenience to build massive wealth. 

I gave too much control up without having worked with this guy before, and several aspects of the construction work went off course, including the kitchen design and color pallette.

When running 1 boiler for 4 units, it’s hard to control the heat distribution, some tenants are cold some tenants are hot, you’ll save your self a headache.

The prices are whatever but the competitiveness is out of control...

For example, but not limited to, I was very interested in a recent webinar about multi-family property but "due to circumstances beyond my control" I was unable to attend, nor to view the content before it was not available. 

@Aaron Gordy @Isaac HayesAs of July, the Austin metro had regained nearly all of the jobs that were lost at the onset of the pandemic, making it the second-most resilient jobs market in the country, according to U.S.

. - i.e. digital door locks, wifi controlled thermostats, ring camera on the exterior entrance.  

That could involve criminal record, revoked license, lost their job, divorce, financial problems, etc. 

For strict rent control cities like Richmond CA, what’s the cap rate an investor should look for?

Just a little lost on how to get started for analyzing markets since I do not have any particular city in mind.