I do not like this as obviously if a business account is only accumulating rent from 1 property, it wouldn't accrue the cash in each as quickly as it would if all of the rents were funneled into one account.. and it makes paying the bills a bit of a pain on each of the properties as I am having things done to the properties, lawn care, etc.. constantly has me making owner investment deposits into each to cover initial expenses associated with the properties.. etc. 

The relatively low initial investment combined with Chattanooga’s rising real estate market presented an excellent opportunity for a quick, profitable turnaround.

Initially, I planned to finish the attic, add a bathroom and bedroom, and create a first-floor master suite, turning it into a 3/2.

I’m based out of Seattle and initially I started analyzing deals in home turf but it is really expensive to break into Seattle market.

@Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)

Most investors I come across say you should make your initial offer at least 75-80% below asking price. 

I think they are bigger than I had in initially assumed.

We're most likely looking at multi-family (initially) in lower cost of living regions simply to make it affordable for us to get into the game. 

I was wondering when it comes to finding a hard money lender for rehab costs, is it a general rule to pay for a percentage of the rehab initially?

Really silly.Do lead generation the only way it works.Motivated sellers need to take the initiative to find you.That is how it is done.Here is an other good one that will make you laugh.Everyone here that tells you to do DMM... eventually went to GOOGLE, to find good companies that send out maielrs... they went to GOOGLE to do reseach on what he best method is to do mailers, pst cards etc.