Let's say you split the cost of furniture over a 12 month period amortization rate.Furniture costs: $583Rent $1500Utilities $150Total Cost = $2233After vacancy costs, your monthly rental revenue is actually only $2240 Formula for vacancy (2800*12)*.80You're not making money. 

Which would be to borrow the money to fund 1-3 residential flips, in order to pay back the loan and then have more capital to then actually build on the land starting early spring of next year. 

Quote from @Patrick Wood: I am new to real estate investing. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Large multi-family (5+ units) other investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I’ve been actively focused on real estate investing since 2020.

Traditional lenders won’t approve it, and hard money lenders who offer this type of financing all the time look for experience, assets, or strong equity in the deal.Partnering with someone who has financing or experience is realistic approach when starting.