Charlotte > Houston and PhiladelphiaA lot of fortune 500 companies are building new offices in Charlotte.Weather is greatThe state tax rate is decreasing(and overall considered low)The city has a high end airportCharlotte, in my opinion, has the opportunity to be a large city(maybe not on the level of NYC, LA, San Francisco) but just a level below.

If you look at a proforma on a buy and hold deal, the first few years are the leanest from a cash flow perspective before rent escalations hit, so it can help you increase returns at the beginning, and you can then phase in principle paydown with the rent escalations and keep the same level of cash flow. 

Confirm Rent Roll + Property-Level DataMatch lease agreements, deposits, and collected rents to your books.

Surprisingly I do know someone who is living in an ADU and has both levels of the main house on the AirBnb in San Francisco and this person is booked over 85% of the time.

National headlines are loud right now: the Office CMBS delinquency rate just hit 11.8%, the highest level ever recorded.

At a high level, you’ll want to understand:• land acquisition• zoning + entitlement• architectural plans• permitting• financing (construction loan vs hard money)• GC bidding + subs• inspections• certificate of occupancy + exit strategyOnce you understand the order of operations, everything else starts to make sense.2.

When I was in my 20s, I bought a bunch of rental properties without getting a mentor or coach, and I lost my shirt.

Regardless of your level of plain/simple vs rustic vs fancy, you can do it for much less by just going to used furnishing stores (primarily).I used both 1) high-end second hand stores (meaning not primarily Goodwill and Salvation Army), and 2) lower level antiques stores where they have decent pieces for say < $500.

Seems like there's been a lot of new properties completed in the past couple years and more on the way, so I don't think at the market level it's going to bounce back too fast.But although I think most deals might not be great right now, if you're able to invest at a really compelling price point and you don't have any occupancy issues out the gate, I'm sure you'd be fine.

Wages for all income levels need to catch up to prices.