I live on one side of a duplex while I get the second side ready to rent out.

I mentor aspiring/emerging developers in my role as a part time CFO, particularly when it comes to the financial side of real estate investing.

But the other side of the coin your expenses go way up when your employer is now not paying you any bene's and you have to pay all your own health retirement self employment tax AMT tax etc etc. trying to do this with max leverage is going to be a long slog to replace a 150 to 200k a year job with bene's.

I have sold many CA buyers our more expensive out of state deals though which run great, for example north side chicago 4 units 800k+ that cashflow with great tenants 700+ scores.

Cap-ex was needed for:* Original 1960s kitchen, appliances out of order* Original 1960s Pepto Bismol colored tiles in the bathroom* Tobacco and marijuana stains/odor in every room* Stained carpet covering damaged hardwood* Broken side door from forced entry by police* Zero recessed lighting with 3 layers of blinds on every window* Lots of trash in the basement both on the floor and mounted to the joists overheadCheck out the Zillow listing at: https://www.zillow.com/homes/119-Jasper-Pl-Alexandria,-VA-22...What made you interested in investing in this type of deal?

Deal makers- development potential, vehicles per day, road ingress egress off highway, signage potential, multiple road accesses, value add potential- housing- trees, boulders, ponds, walkout, views, right side of town, power-line right of ways, etc6.

Quote from @Deborah Wodell: Bought a property with what we thought had a side yard full of junk and then discovered it was actually a small neighboring lot with zoning and public nuisance fines.

On the negative side you will need to show how you will use the property to generate sufficient income.

- If they’re only doing the engineering or planning with no investment or risk, then a 33% share of the gross revenue might be on the high side, and 10-20% might be more typical.### 4.

If you ever read the side of a Heinz Ketchup bottle, it reads "Do a common thing, uncommonly well".