Love the game plan—starting with light-to-moderate rehabs is a great way to sharpen the systems before scaling into larger flips or multifamily.In terms of markets, it really depends on your appetite for volume vs. margin, but a few that continue to show strong flip potential (based on spread and demand) include:•Philadelphia – Diverse housing stock, solid buyer demand, and still plenty of value-add opportunities in the right zip codes.

It depends on your risk appetite and how much you view risk versus reward. 

Hey BP community,I’m curious to hear how others are structuring equity for build-to-rent (BTR) developments—whether you're doing scattered site infill, horizontal apartments, or full-scale BTR communities.There’s a growing appetite from both institutional and private capital in this space, but the equity stack seems to vary a lot depending on:Project size (10–20 units vs. 100+ unit communities)Location (urban infill vs. suburban greenfield)Exit strategy (hold and cashflow vs. sell stabilized)A few questions for the group:Are you raising through syndications, SPVs, or forming long-term funds?

Fire suppression & sprinklers?

Where they will just what your appetite for their bigger seminar coming up.  

Depending on your appetite for risk, you can play with margin. 

I know there is appetite for it.

@luke Carl sold his hot rod, I sold a bunch of guitars and a rare Marshall silver jubilee 25/50 amp (just like slash played on appetite for destruction while we’re talking about GnR.

You disregard the suppression of economic activity caused by universal tariffs.

Hey Wes, I haven't seen many new flippers in the market have success as the spreads are very small and most don't have the risk appetite which I understand.