That’s ignoring the increase in taxes and insurance over the last 10 years. 

I have been hired by multiple out of state investors to be a second set of eyes on investment in my area

@Micah WhiteI've been keeping my eye out for 2-4 units but unfortunately there are not many multi-family units for reasonable prices in the Raleigh / Durham, NC.

Finding a lender that doesn't care you can't put eyes on the property will require more interest since there is more risk

The average sale price in our zip was nearly $1 million at the time of purchase last year- it’s now down about 9% per Redfin. 

We are thinking of doing a short term rental but are open to a long term rental also.

We are both W2 workers and our primary goal is to build long term wealth through equity appreciation, while also ensuring the property is cash flow positive.

I'd be concerned that a sponsor who isn't making any money because of no fees and can't scale because of the mountain of capital needed to buy assets all cash wouldn't last long and I'd be stuck dealing with the aftermath myself, which isn't why I invest passively.7. 

But in reality, we’re seeing folks who bought in the last 5–7 years—who have plenty of equity—fall behind due to reasons like increased property taxes, insurance hikes, or short-term income disruptions.What’s most alarming is that many of them don’t reach out for help.

Hi all,I invest in, and manage, single family long term rentals.