My strategy (which I'm still working on) is to buy and hold large multifamily's that can be or are professionally managed (so that I'd be managing the manager, rather than tenants) and have a value-add component.

I'm glad you were able to recover some of your losses, but it does remind me that the contract dissolution component is just as important as the daily operations component.

The cost of debt includes two components (1) rate and (2) volume. 

There is a vertical position ( buying now) and a horizontal ( future) component to success.

After holding costs, bumping up the costs of the rehab for buffers, calling out the contractors for missing several key components in their contract that they didn't factor into the original numbers (maybe to make it seem like a good deal), etc. etc. etc.

Then there is the money component.

Even then, I would not pay for any program that didn't come with a mentoring/coaching component, because again, you need specific advice for your specific situation.On the other side of the coin:If you're already contacting brokers, analyzing deals, and writing LOIs, then you should probably be investing in advanced RE education, coaching, and/or you should have a very qualified mentor (paid or not.)

Just put a little more down and it cash flows, or maybe the down payment is 5% so it doesn’t cash flow but otherwise it is a great deal, which is why people look at net operating income when comparing deals, then layer in the financing component.

This could be the perfect place for a gift (coupled with badly needed repairs to the property) as this "good-will" component may assure them that the new owner knows they exist and is going to provide all-around quality management.

Did you know, there are several components of your building that depreciate faster than the rest of the property?