Don’t let fear stop you, and don’t feel like you need to wait until everything is perfect!

Hoping" for me was never a strategy as the future is unpredictable.I hoped my $480,000 condo in Chicago would appreciate and it didn't move since 2018.My tenant a crypto exec has been paying me $3,000 in rent on the 28th of each month like clockwork for 5 years now.No capex, no issues at all and that has been a breeze.3% ROI isn't sexy enough to me tho 🤷‍♂️I'd probably be cheering right now if it moved up in value but it's been a dead deal in my eyes.But it is what it is.The numbers in a deal TODAY per se don't rely on hope and are a more predictable outcome.Granted, the numbers need to be "worked" and a more "hands on" approach is needed in such markets.Thanks Hi Engelo, you have been doing this for a long time and I know you have the skills and tenacity to manage high-cash-flow properties, but you have to admit, you are working hard for your cash flow, this is not passive at all.

FYI: My lack of replies and follow up to other items your saying isn't a lack of interest or disagreement, it's that I have total agreeance and have no way to add anything further of value, you wrapped them up perfectly.

When you have depreciation changing, AND interest rates up, it's kinda the perfect storm for a bad situation.

And perfectly details how illegal immigration is BAD in a whole array of ways including to the illegal immigrants themselves, as a life of exploitation is NOT a life or system of any good. 

@Brendan Kinsella Perfectly done!

In a perfect world, owners would understand & appreciate the value of a good PMC.In reality, owners do NOT value the actual time it takes to properly manage a rental.Many DIY owners don't track their time spent on the rentals, thus thing everything "takes 5 minutes and costs $5"!

The floor may require some prepping if it's not perfectly flat because the boards are rigid and flexing can work them apart.

@Peter Halliday agree 100% - I know some investors who continue to just sit on the sidelines waiting for the perfect note.we have a bought a few loans over past few years and it is an underrated investment strategy to say the least - but that's ok if people want to not get in the business as we are ok with less competition 

I got a great W2 job, read a bunch of books on landlording, educated myself on the market in CT, and only when the perfect opportunity of property price, interest rate, and my knowledge did I start buying.