Start small with manageable deals, educate yourself continuously, and build a strong network and team to support your growth.

I"m not sure you could find a better group in terms of knowledge and support. 

As the state capital, it boasts a strong government and military presence, supported by the nearby Air Force Base.

THEN you have to support yourself while you are working on your first deal. 

To support my seller and seize a valuable opportunity, my business partner and I decided to purchase the property ourselves.

.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!   

Some markets can support that expense and others can't. 

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Write it up to an education, spend some time sharpening your support team (particularly in the trades) and start thinking about how you can do it again!

Unless you're in a Class A Neighborhood like Palmer Woods, Indian Village, Sherwood, etc,. the additional rent probably won't support the cost to build:(More profitable to take the build funds and buy another property.DM us if you'd like to discuss more...