That said, in practice most teams tend to place more weight on the ability to raise capital or contribute capital, especially in the U.S. market.

In Chicago, this is one of those areas where you need to be very careful.Yes, the Chicago RLTO can apply to garage spaces, depending on how they are leased.Here’s the practical breakdown:• If the garage is leased as part of a residential tenancy (same tenant, same lease, or a rider/addendum tied to the apartment), then RLTO security deposit rules apply.

In practice, most investors still end up using personal HELOCs for this reason, even when the property itself is held in an LLC.The bigger question for me is less whether 8.5% is “high” and more whether the next deal comfortably outperforms that cost of capital.

My approach is usually pretty practical and operator-driven.On other income, I first try to understand what the seller is actually doing today and how consistent it’s been.

Connecting with local investor groups can give insight on lease language and best practices to keep your first MTR tenants smooth and protected.

It’s a practical way to learn how deals actually come together.If you’d like, happy to connect and point you in the right direction or share how that side of the business works.

You will need to consider the cost involved and the practicality of the location.

I’ve even considered temporarily moving back to a high equity rental (I work remote), though I’m not convinced that's the right thing to do.Curious what’s worked for others at a similar stage:• Which lender types have been most flexible in practice?

Regarding lenders, it is not always necessary that they be from the same state but using a lender who knows the Georgia investment loans and appraisal practices well is certainly a great advantage it usually makes the process easier and quicker.Good luck!

I may just take my money and go live like a king abroad and practice medicine where it matters - outside of a system regulated by insurance companies and corporations.