Numbers always look good on paper but between holding costs when acquiring and renovating property, closing costs on can also add up.I am not saying it cannot be done, as I did it with about 75 loans in a very similar fashion (except I was buying NPL's and got them reperforming).

I’ve heard a lot about BRRRR, fix-and-flip, and rental properties, but I’m curious about what’s working for you all right now.I know from talking to people that some have gotten into bad deals while using their own money, and I’m worried that using bank funding and ending up in a bad deal could make things even worse—not just for the investment but for the relationship with the bank as well.I’m just trying to make sure my clients use this funding in the right way, without getting themselves into a tough spot.

What are you looking for in a secondary market to invest in? 

We purchased our laundromat in a safe, middle class neighborhood.

Also, beware that building in a location like that can be a very long process depending on where you're talking about.

It's wise to stick your toe in the water first and fail fast in a small way if you're going to fail, right Vanessa?

I will be buying a multifamily property in a landlord-friendly state without any rent control.

Always have a detailed scope of work and a price in a written contract.  

Tangible personal property identified in a cost segregation study is what allows you to accelerate depreciation.

In the markets we deal in, numbers can kill deals that would be home runs elsewhere but a 2x4 costs about the same in both (just the sales price does not support a rehab that would be middle of the road in a place like CA.