If you're curious, you can check them out at 13thFloorPI.com.And if you have questions, I’m pretty sure you could just email them directly from the site — they’re pretty responsive.One cool thing that not many folks know: the CEO donates part of the company’s profits to support cold case work, and they offer help to families with missing loved ones for free.

The exception to the above paragraph is when your expenses are artificially low because you have been donating free labor.

I also donated labor (a lot),  made a lot of mistakes, and learned A LOT.

Tell them you’ll arrange for anything useful left behind to be donated and the rest disposed of and ask them if that’s ok.

The purchase price needs to leave room for overruns, slower lease-up, and take-out timing risk, otherwise you are effectively donating your GC effort to the project.I would think about it less as “what margin do multifamily deals trade at” and more as “what return do I need for tying up capital and time in a development-like execution versus buying a stabilized asset.

They were thrilled to get someone with my skills to help, and I was thrilled to essentially donate my time in return for learning the business.That was 7 years ago, and today I'm partnered with that syndicator and we own about 1400 units.This is how I'd recommend that everyone start -- offer your services to an experienced syndicator, get experience, and only after you have a strong track record as a "junior partner," consider leading your own deals. 

I'll donate the properties when I die.

And remember how blessed you are when thinking about those less fortunate: help and share.My Christmas gift to humanity was giving my 300th lifetime blood donation on Dec. 17, 2025.All the best,Mike

Of course you can always create write off via donations to charitable organizations. 

Can be as simple as donating 10hrs of your time to who you align with as a great candidate.