I will keep this front of mind going into future conversations and negotiations though incase it raises other red flags!

The better your can run and manage that business the successful you will be.

Try to get as many units in the building as you can.To Your Success!

I'd love to hear your feedback on success or struggles and anything I should expect.

A good designer and architect are key for a successful project like this and keep in mind these aren't cheap.There's a lot more details to consider, feel free to DM me for more details.

Since it’s a new build, I was able to negotiate some great perks, like a 5.875% interest rate, no closing costs, a fridge, blinds, and even a backyard firepit.Pros:Good school districtLow interest rateMinimal CapEx and repairs (because it’s a new build)Low insuranceHigh-quality tenants (due to the school district and being a new build)Cons:Lots of new builds in the area, which could drive down prices and increase vacanciesThe Numbers:Price: $290KInterest Rate: 5.875%Down Payment: 25%Monthly Mortgage + Insurance + Taxes + HOA: $1,480 (I got really low insurance since it’s a new build and Alabama’s property taxes are low)Property Management: 10%Rent: $1,800 (this is under market because I wanted to rent it quickly—most units in the area were sitting vacant for 100+ days.

Is it legal to offer to rent the property back to the homeowner who already lost their home to foreclosure when negotiating the redemption rights purchase? 

Howdy Alex,Welcome to Conroe and best of luck on your new journey.Wishing you success ahead!

Been doing wholesaling off and on with little success but hopefully more time to devote to that shortly.

Awesome to see a new investor-minded person here.. do you have a favorite real estate success story already?