As @Tom Shallcross said about a payment plan or schedule of some sort.

The plan was to have the properties completed in 6 months make some money and be on our way to real estate riches.Turns out a lot of the framing was rotten and we had to completely reframe the back of one of the houses.

Some people will say, "Take out a quality Insurance Policy and you will be protected."

The insurance agency I work with is having trouble finding a company that understands that type of policy and also offers it.  

My goal is to grow in the real estate space, and I plan to self-manage this property.

“ cash flow returns” almost always compare horribly to a simple bank CD after you deduct for insurance, prop taxes< vacancy, capex, prop management (or your personal time.) etc etc etc. 

I feel a loss of direction and that makes it really hard for me to focus and build.Do we keep at building a portfolio of small multi family (very abundant in my market, very rare to find anything above a triplex for sale), with plans of selling the portfolio and 1031'ing into larger properties? 

It would cash flow nicely.One item to plan for from the beginning is the exit. 

For your out-of-state BRRRR plan, building a strong local team in St.

Hello, due to a hiccup on my personal credit history I am having issues getting approved for traditional financing outside of an FHA which I do not plan to use as I am not going to owner occupy.