Are you saying that because of this unit, the building might not be able to be refinanced?

- The inspectors aren't stupid and will see that everything is brand new and then research for permits.Also can't think how you can make this profitable.

Ironically, these are often the best opportunities to build equity and find great deals.

It’s been incredibly rewarding not only to save my grandfather’s legacy but also to build equity and increase cash flow.

I just spoke with one DST broker (Realized 1031) and they said that most sponsors that they work with kind of add the loads to their total costs, so all of your investment is put to work, although at a possibly higher building cost.

I pay for internet for the whole building but I'll split the charge between units and charge each tenant double my cost. 

If it is a class C office building with 10% occupancy that is very different than a Class A MF which is still very different than a debt fund with zero leverage.As mentioned risk and return go together  - greater risk should have greater upside

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

-Build a strong network in Detroit of real humans over a period of months, buy a better deal, hold it for 10+ years, weather early storms:  better chance for success.Even on that latter deal though, are you going to cash flow in month 1 or year 1 or even year 5? 

They’re ideal for those building portfolios, as they don’t require extensive personal financial documentation.A key tip is to ensure the property’s cash flow comfortably exceeds the lender’s DSCR requirement (typically 1.25x or higher).