This community will offer you so much value - don't be afraid to drop your questions here or reach out to any of the folks above directly.

I wouldn't worry about small details like setting up LLCs, just focus on establishing a solid market and making good connections with people on the ground there. 

Points, often referred to as discount points, are upfront fees paid directly to the lender at closing in exchange for a reduced interest rate on your mortgage.In a hard money loan, closing costs typically range from 2% to 5% of the loan amount, similar to traditional loans.

Effectively a 'Firestorm' is a dry hurricane that rains fire, with nearly indefensible circumstances, just like the catastrophic flooding, hurricanes, tornadoes and other disasters they have and will intensify in severity and rapidity.Beyond directly impacted property owners, investors, insurers and businesses, the downhill effects of the SoCal fires on the immediate and surrounding areas are astronomical and still somewhat incomprehensible.

The HOA can decide to do a special project or make a short 3 story elevator more hurricane proof ($800000) or have issues after a hurricane and then you are definitely not ahead of the game.Please connect with me and I can maybe point you in a better direction.

(So unless they sell for much more than they paid they will only get a small percent of their down back, especially after selling costs,) but you did say they were getting a discount.

However, given the price points in NYC, I am looking to southern CT so that I can start small for my first project.

I'm a broker and can run comps all day long for straightforward LTR properties, I know small multifamily in our market.

I was in national construction for 5+ years I'm not afraid of a small contractor who's ripping you guys off 

A small mountain city.