Still not "bad" but I think 37% is the rosiest of rosey pictures which most people never achieve.

@Stephanie Ridgway Achieving and maintaining asset balance is a never ending battle!! 

That’s where construction makes sense and profits are most achievable.

But if you ran numbers on the high end and didn’t achieve as nice a renovation due to experience or other factors, you can find yourself in a predicament.Always, always, always overestimate your rehab cost—especially as a newer investor—and if you’re not sure, have someone else look at the property with you: perhaps an experienced agent with construction experience, a mentor, or somebody who has spent money on similar projects.

Having hundreds of buy and hold clients he has more experience than most could ever achieve. 

I am starting to look to invest in real estate to achieve financial freedom like many of you. 

While you build the team, run test listings and call nearby furnished comps to confirm achievable MTR rates and occupancy.

In a market where affordability is increasingly strained, it’s one of the few win-win setups: residents get a clean, stable place to live at a reasonable rate, and owners achieve strong cash flow and faster equity growth.The biggest differentiator between success and stress in this model is management.

I’d love to know more about what you’re aiming to achieve in the long run.

More than any other business, deciding to invest in a real estate syndication is a declaration of faith in the deal sponsor.In many ways, that faith far outweighs the faith owners of Tesla shares must have in Elon Musk.And Musk is a one in a generation entrepreneurial genius inventor.Like many seasoned real estate investors,I decided long ago that wealth-building was a life-long game of patience and perseverance.On both counts,a real estate syndication fails the test.Most syndicated deals have a hold period of 3-7 years after which the exit strategy involves selling.The few that attempt to hold on to the asset via a refinance run into uncooperative investors who demand their seed capital back for various reasons,often resulting into a compromise to either buy them out or risk a legal battle.The facts of the matter are very basic:if it's not your deal,you don't make the big calls.Conversely,if it's not your money,you don't get to decide it's final destination.Now there's a good reason I never got into the flipping niche either.I'm not a transactional guy.It always felt like slaughtering the hen that lays my eggs,and I love my eggs to bits every time they are laid.It's why I keep going back to the hen.In the end,we don't need 1000 units to achieve financial freedom,we just need a handful of well acquired cash flowing assets to arrive at that place of peace.With some patience and due diligence,most people can get there without sleeping with 75 strangers every 3 years only to end up with no portfolio and a bagful of inflation susceptible cash with little to no tax advantages.That's where we did not want to be in the first place.If you do succumb to the temptation and end up being one of the few deal sponsors that actually look the part and take care of investors' money like it's yours,do make sure you haven't "quit" one job that you hate just to work in another that is even more soul-crushing.Managing multiple syndicated deals as a good deal sponsor can be big business,and big businesses can very easily turn into time-devouring leeches.Covid has shown us all we are nowhere near capable of seeing 3 months ahead,let alone 3 or 7 years.An asset is only really worth what the next buyer is willing to pay for it,no matter how much "forced appreciation" we have projected to investors in a rent drop environment.When balloon payments come due,thou shall sell or refinance,and good luck refinancing if the LTV is suddenly inverted.When the pieces suddenly don't fit the puzzle in front of us,the sinking feeling in the bottom of the stomach can be incredibly gut wrenching.Be careful.A voice in the wilderness,Jacksonville FL.