Quote from @Joe Paasch: I have joined this site to gain important incites, discussions and plans to build a successful portfolio.  

This is my first BrrrrWhat is your stabilization plan?

My plan for the first syndication is to do as you said, starting with a 4-10 unit to get my feet wet and build experience.

This is the graveyard of great ideas, plans, hopes and dreams that were never done.

I spend so much time finding the 'right' properties across multiple markets on Zillow before I even evaluate in my buy box.

Always ask tenants to check to make sure it is locked.Another disadvantage is that you have to change the batteries regularly.Another disadvantage is you have to spend quite some time programming the locks and tracking the code3.

Originally from Africa, I’ve embraced new opportunities to build a better future, and real estate is at the core of my financial freedom plan. 

Summary: 7 loans outstanding: 4 in foreclosure, 1 in default - trying to develop a plan before I begin foreclosing, 1 current, but has needed multiple payoff extensions, 1 current with no issues.

Company overhead - you will need to spend $5-$10k per year on taxes and company overhead. 5.

When the second phase was built, the units have the same floor plan, but they added individual heat pumps and individual hor water heaters in each unit, so that they were on the occupant's electric bill.