> When ballon payment, I will simulate a ReFI, adding a 2% extra for that operation.

Should I BRRRR or should I put 15% down, should I live as owner occupied and cashout refi.... all those question will come and you will buiild a simulator and simulate those scenarios than you come to question yourself " do I want make 10k passive income but manage like 70 properties or is 8k passive income with 32 properties better but takes 6 years to pick up " .

So again by analyzing and simulating you become a master of the numbers and you will optimize your plan little by little- Some already suggested that you start a job related to real estate, it does not really matter where you start because all will lead you to be an investor.

After that you will build a simulator and and project into the future your investment strategy and optimize your plans with new ideas.

- Then, in terms of appreciation vs cap rates, in my deal analysis simulator, I must fill an average % of appreciation per year.

I supplied maps that showed features like grocery stories, transit, etc. and superimpose them around my target area.Also, it is helpful to play with some monte carlo simulations to show investors the odds of your profit estimates being correct.

That's because police offers are trained in more than just using their guns.Are you suggesting that all teachers who carry guns should be trained like police officers, including passing the same physical and combat training requirements, the same psychological testing, the same simulation training and should be required to be regularly tested on their firearm proficiency?

Hi @John BlueConsider adding Monte Carlo Simulations to your investment toolkit.

Put it on the 'rain' or 'shower' setting to simulate weather conditions and have someone on the inside see if they can figure it out.There may be a much less expensive fix than replacing the whole thing.

@J ScottYou, of course, are correct, but some of us are software geeks who like writing our own "what if" Monte Carlo simulators :)