A total cost of 6.3Mn over 23 units equates to 274K/unit...this appears unbelievably low for San Diego...I'd want to see full development budget detailing hard, soft and financing costs as well as month by month projections showing construction and lease up cash flows.What's the 2.2Mn purchase price for?

Even with very little cash on hand, you can get creative financing; for example, I did my first flip renovation with a new business Credit card one year with 0.00% APR, paid everything back after the sale, and got points and signup bonuses.

In a total package deal for a single family or multi what do you look for?

I’ve worked with investors in similar markets (Providence and neighboring areas) and have seen first-hand how house hacking can be a game-changer.. even in today’s fluctuating market.A friend of mine recently purchased a three-unit property in New Bedford, MA, just a stone’s throw from where you’re looking.

Some desperate first time home buyer will totally underestimate the work and pay full fare.

I admire that you've handled most of the filings yourself, but I’d prefer to take a more hands-off approach.

@Anthony DiSanzowhy not stay within driving distance to be hands-on? 

It is a duplex totaling 4 bds and 2.5 baths with modern updates, in great condition.

Since it's new construction, I hand the construction manager the full report and make sure they fix EVERY issue.

As large investors entered the market to acquire single family houses, our margins were squeezed and we ultimately could not maintain our target investor returns as the market totally changed.