You're still leveraging his network/connections/professional experience.

I am a professional cabinet maker and my father is a master plumber.Estimated sale price once complete $500k+Home 2: 210k mortgage. 5 bed, 3 bath redesigned to 5 bed, 4 bath, 3,000 sq ft.

Those of us who have build investment assets, businesses, professional practices, etc. understand how much time, effort, planning and capital it takes to “scale”.  

Next Mortgage Note will include full loss of interest on the investment property for the GCDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

He is a realtor that I previously purchased a small portfolio from and therefore had a good professional relationship.

Also, you could explore MTRs as there are a lot of traveling professionals in the area.

.- I prioritize building strong, professional relationships with my buyers by taking the time to understand their needs and goals.

Readers should seek professional advice.

The marginal returns drove me to seek other strategies.So, this is not a "bad" deal if you consider it more of a learning experience than one that will make you a lot of money. 

Also posted in Getting Started Forum, but figured multifamily category may also generate some responses...so posting here as well. Thanks in advance for sharing your expertise!I’m currently evaluating whether to go wi...