Let me know if you're still interested in this build!

They’ll let you know if everything looks up to code or if there are issues to fix.Then, head to the local building department and apply for the permits.

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

Hi Matt and all,I’m a transplant (former military as well) with one apartment building in the N Hills and on the hunt for the next one. 

That will allow you to build the additional legal space further amplifying the value of the proprety (more HELOC money). 

However, they didn't insulate that building well so in winter residents consistently get heating bills over $200/mo. 

Ive been trying for years to use my home equity to start investing in other propeties or apt buildings.

It’s a little more work to set up, but if you get a solid property manager, it’s not as scary as it sounds.If I were you, I’d keep digging into the Capitol region, NJ, and CT—compare the numbers, and maybe even start building connections with agents or wholesalers in those areas.

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.