We have found the mid-west to have some real diamonds, and our audited 31% IRR says this is the right approach :)

I participated in a multifamily investing program with Bob Diamond about 6 years ago.

Quote from @Kearsten M Higgs: Quote from @Marty Boardman: Quote from @Claude Diamond: Quote from @John Slater: I’m learning some states have laws against door knocking pre-foreclosures/distressed homeowners.

.$2,000,000 is going to improvements to the riverfront park adding playgrounds and splash pads.Since 2022 a feasibility study has been going on for a regional sports complex boasting 16 soccer/football fields, 8 baseball diamonds, 50 meter indoor pool, gym, track, and waterpark.There are several more project revamping old warehouse building turning them into trendy new dining and retail spaces.

If we make $10, we are happy, even when there is a motorcycle, diamond ring, Drone or whatever in there. 

Again, I would do your due diligence, but you never know...it could be a diamond in the rough.  

Because, house hacking is comparatively simple and beginner-friendly (and therefore has the highest likelihood of success), but strategies like BRRR'ing, flipping, wholesaling, out of state investing, etc. are far more complicated, and have a far higher chance of failure because they involve so many "moving pieces".I always use this analogy: would you tell a beginner skier who has zero experience to ski a double black diamond (the most advanced terrain) for their first run?

Besides looking great and selling the rental, they're way more durable than the preformed laminate on pressboard, the tiles are easily repairable or replaceable if a tenant does manage to damage a tile(hasn't happened yet but the family has chipped the granite slab in my own kitchen), they're cheap at ~$5 sq ft for the granite, and finally not too hard to build for the handy with a tile saw (I did my first with a real cheapie) and a set of diamond polishing disks off Ebay for the exposed edges.

You not only have to find the "diamond in the rough", you have to polish it.

This is primarily an appreciation market, but you can still find diamonds in the rough if you search well enough.