Combined with a cost segregation study, the first-year depreciation on this property is projected at $200K+.

Finishes will vary from higher priced units, but that does not change the basic standard.

You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.

Use the cash on cash return projection to determine what amount down makes sense.Always reference your DSR and break even point occupancy as well in your evaluations.If the asset is C class (or worse), and it still doesn't meet cash flow expectations (after putting 25% down), don't buy it. 

@Michael KassPlease see below, this is a simple CapEx estimator our team developed to help owners and investors quickly frame project costs and make informed decisions. https://docs.google.com/spreadsheets/d/1ZV7lF9dFJUrtLcrrbkj7DT6oiECnn80W7pub_tZuSSY/edit?

I realized they were basically pushing the others to their max so they could swoop in and win it.And it didn’t stop there, one guy signaled his bids by shaking his leg, and another by tilting his glasses.

Right now a lot of the PMS softwares have a very basic AI but I know many plan to implement a better one soon in the coming year.

I have not invested with him so I cannot comment on how his projects have panned out.I recommend asking him for some referrals from investors.

I bought a note from them last year and they basically held my hand through the process as I made a crucial mistake.

Learn basic deal analysis.Understand cash flow, expenses, vacancy, maintenance, and cash-on-cash return.