The main issue I have is contemplating the baloon payment at the end of the 2nd year and refinancing the remainder with a bank...how can I compute that into calculating the IRR?

Makes me wonder... is it the rehabs that get exhausting?

PM me if you want info.

I'm working with a real estate attorney to help me with transferring the deed.

Don't get me wrong...it's still VERY hard to do - but it's easier.  

Message me your number and I’ll add you to the WhatsApp group we use to share meetup times and places.

They have since moved on to a new manager that is in close communication with me to get the repairs done and SDIRA is even offering to pay me the missing rent for December that the evicted tenant never paid.

My plan is to mainly focus on cash flowing properties that make the 2% rule. 

Owner occupied advantages are sadly not available to me, but if you have any other strategies that you have had success with in certain markets in Providence let me know!

Could someone break it down step by step for me and explain why yes or why no and if yes how would someone like me with little money get it done and profit from it.10 unit multifamily investmentI look forward to learning from someone that has done it.