you would need to make monthly payments to the seller during the rehab, just like to any other lender, and then if it were a rental, you would want the rent to cover the payments plus all other expenses.you'd also need to figure out how to pay for the rehab - either out of pocket, or finance it somehow. 

Wishing you all the best—don’t hesitate to reach out if there’s any way I can help!

You will get to the same answer Ihave.Luckilywe are all the same.

Hi @Charlie KrzysiakIt is all depends on your goals.

All 3 duplexes were turn key?

At the same time you're figuring that all out, get your brother and friend under a lease, or at least, a written agreement both parties can agree on.

All the best

  - Rents in my area for a 3/2 SFR are 1,800 - 2k per month (probably closer to 2k for a brand new house); so the land + house cost is going to have to be below 200/220k all in to make the math work at current interest rates. 

Did you just use all your cash on a new acquisition?

There are several myths that we have to debunk before someone truly believes they can do it.You need millions of dollars to do a dealThat it’s too complicated to figure outThat permitting takes yearsIn those communities developments cost way less (think a couple hundred thousand along with a loan from a regional bank), permitting is not difficult (much less red tape), and the towns are small enough that both the city staff and the local architects and engineers and contractors all work with you to help you navigate the process since you’re all invested in making your community better.Note: The big boys can play in the primary & secondary markets.