It's well documents that investors struggle to find `1% deals (which I personally believe is a misguided underwriting approach), and here your monthly rent collection has to exceed 2%.

Sellers now believe they have a certain amount of equity and they refuse to let go without getting the price they want.

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

I believe at that time the owner lives outside the country and last I spoke with them they were doing work in Pennsylvania. for me too risky to invest in a single deal where the sponsor lives outside the USA compared to dealing with people here I usa.  

Alterra is a company based in Philadelphia that started in the mutli-family and commercial space and built out what I believe is one of, if not the largest IOS platform in recent years.

I've got an uncle who believes in me and has the capital to back something if I can bring him a good deal, he also has some development expereicner and seems to think letter spamming is the right move.

“Home prices nationwide are in no danger of declining.”Yun believes that job growth will remain solid in 2026, with the economy adding 1.3 million jobs.

I believe there were some laws that were changed during Covid regarding the type of workers that need to work at these facilities which increased operating cost significantly.

On only $70K invested, that’s about a 37% return on equity before even considering depreciation.In other words, even without big monthly spread, the leverage efficiency and debt structure make this a solid long-term wealth builder I believe, please feel free to correct me if I'm wrong.

And don’t believe the numbers they tell you as far as ARV, rehab estimates and market rent.