Although, the posts here are accurate we take a different approach.

Focus on what the rents will look like post-renovation with 4 units instead of 2, and have a clear game plan for refinancing to pull your capital back out. 

It would definitely be fraud if this was the case, a recent post from an auctioneer talked about this exact situation, where they said the auctioneer was liable (different bedrooms/type of home example you don't have to read it) States would differ though and it doesn't seem black and white. https://mikebrandlyauctioneer.wordpress.com/2022/07/12/no-li...I do agree with you that it could very well lead to being burnt, however.

It has been sold to Inspira.For those who are interested in some background, here is today's public Facebook post from  my friend John Hyre, the brilliant tax attorney well known to most real estate investors, one of the keynote speakers at every Quest Expo.

Quote from @Nadia Jones: Also posted in Getting Started Forum, but figured multifamily category may also generate some responses...so posting here as well. 

It's the conclusion you came to before you wrote the post I know but bringing up the challenges might make you realize that you might have to offer a heck of a good deal to attract a potential partner.

Post the numbers and the street.  

Backstory: As some of you know based on previous post of mine I've found my first "possible" real estate deal. 

As i mentioned in my introductory post, I am really looking to using next year to jumpstart my portfolio.

I will give you a call this week to the number in your post.