The duplication is mentioned by name by Santarelli and on the slide also included the following entities: Linens and Things, Stein Mart, Modell’s Sporting Goods, and RadioShack (37:52).

Push through it, you may even need to have a second, consistent paying job and thats OK, until you get established.

The multi family niche makes this goal possible.Keep pushing.

CA is pushing lot subdivisions and you can build up to 2 units per lot.

💭 Final ThoughtsWhen your financial advisor pushes back on your real estate investments, remember this: You're not just "buying a house" - you're investing in an income-producing asset, just like buying shares in a dividend-paying company.

The only other option that comes to mind is to make the improvements and try to achieve favorable rental rates to push the story that 2 BR homes rent for a premium because its unique.

@Timothy Frazier Yes, the only reason to use HML as a down payment is if the property is "mostly turnkey" AND you don't have the funds to renovate AND you have strong CMA comps from a real estate agent that supports that the fact that you are buying a property that is under valued AND your renovations would push that so that you could refinance.

Let's use that as an example. 20% down is $43,000 plus lender loan origination fees, closing costs etc is going to push you over $50,000 cash out of pocket.

I'm interested in following this project when/if you kick it off. we have this in columbus. 58 rooms on .1 acres. 28000 sq ft. but this site the land is 50k it's set same as columbus but in miami dade county but sounds good. are you more interested in the miami one or the columbus one? 

Sorry to jump on the back of this original post but I have a follow-up question to this response.