I just happened to know some ultra successful investors in real estate ( I'm sure you do too) and there advice has been to "prepare".

Even if you self manage you have a job being a PM so it's not a free cost savings.Now that the property is over improved with finishes you have to be ultra careful on who you rent to.

There is mostly fluff pieces boasting about all the advantages and very little talking about the potential disadvanatages.

There is a sold comp that is very comparable in terms of location and restrictions on building and I would be confident using that comp, adjusting downwards to be ultra conservative in submitting an offer.

Check out the ultra beginners guide.

I've been studying investing in RE for several months now and I've occasionally run across an email that is boasting about a individual property's "Replacement Cost Equity", usually a SFR.

Many of these homes are ultra high end usually showing more of the posts and beams inside of the finished walls/ceiling.

Even if it's an inexpensive system, it's another feature of the house that can be boasted.

I'm thinking I come right out and tell him my plan & see if he'd be interested in partnering.First and foremost, the seller doesn't meet criteria for ultra-motivated.

You don't want to repeat that mistake just for the sake of trying to grow ultra fast.