I have been consuming as much education/reading regarding out of state investing as I can as well as literature regarding buying larger buildings (not quite the syndication level) although I have been reading that material as well to digest.

For our area we are generally number 1 for our city and even the larger city 1mm people area next to us. 

It's all about the personal financial statement.

Seems like an interesting niche...I had always assumed these were for larger scale commercial investments, but in the recent On The Market episode, Brandon Hall used an example of a $100k property. 

In Chicago, the main rule right now is energy benchmarking for larger buildings under the Chicago Energy Benchmarking Ordinance.

Exhibit 4.4: Activity Log Business/Property:__________________ Year:____________ Complete the following by day:________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________Under penalties of perjury, I declare that I have examined the information contained on this worksheet, including attached worksheets and statements, and to the best of my knowledge and belief, it is true, correct and complete.__________________________________ ___________________ Signatures (both spouses, if married) DateReg. § 1.469-5T(f)(4) provides that reasonable means for proving hours may include a statement of services performed AND approximate hours based on appointment books, calendars, etc.

But it was larger than what I would’ve earned in a month at my previous job.More importantly, it reinforced something I’ve come to understand:Consistency in the early stages doesn’t always come from relying on traditional formulas.My bread and butter is still single-family properties that meet very specific criteria.

You’re definitely taking the right approach by focusing on education first and surrounding yourself with the right community.I’m a mortgage broker based in Miami and work with many investors at different stages, from first deals to building larger portfolios.

It rents fine it just won't command as much rent (in this market) as a larger 2/1 unit would get.

On Wednesday night the 10th, I got an email for the sellers attorney stating that after reviewing the final pay off statements the seller was short $35k and did not have the funds to close.