That’s the lowest hanging fruit in my opinion. leverage the lenders money and have great cash on cash returns… move out after a year and then repeat the process.

I would budget maybe 20-30k depending on how far you are going down.

Hi Joesph, It’s awesome that you took the leap into fix-and-flips and already have your first deal hitting the market soon—huge milestone!

Working with @Benjamin Carver or another good agent to help find and close on a deal will be the key. 

I just bought a SF rental from a wholesaler in Detroit (just north of Bagley and south of Ferndale) and have another on market deal under contract in the Morningside area.

Maybe something along the lines of your insurance company requires the heat to be set at certain temperatures or they won't cover a damage claim etc.This way you are telling her there is nothing you can do it about it.

They have a section on their website with multifamily deals for sale. https://www.greaterclevelandreia.com/PropertyList.aspx?

from the little I know and its only because i have brokered 50  100 unit apartments the buyers are quite sophisticated and have a lot of cash and have their lenders lined up.. 

And that takes time.🚫 You can rely on seller financing to get deals done.A good number of the folks who reached out needed 30% or more seller financing to close.

I've gotten deals and formed partnerships through some very unorthodox connections over the years.To answer your question, it will always depend on the specifics of the deal in front of me but in general I'd still prefer value-add.