It takes you couple years to double your initial investment and then when your long-term tenants are moved out, expect to renovate the property, which usually cuts quite deep into your overall profit. 

Without doing a deep dive we see an opportunity to get a brand new home for a sweet deal and have some equity on top of that if it goes smoothly.

You doing flips for 10% for 6-8months is a good and fair return for him but the cost to get the loan will cut deep.

If something is worth 200k but needs 50k of work you're going to want to get it for 50k, which obviously is a deep discount.

I have 6 single and MF properties with a 7th under contract and have made some tax and business development missteps that they are helping us to manage, plus advising in setting up our entities and accounting based on a deep fact-finding inquiry on their part.

As far as asbestos siding in some places you can simply side over it thus encapsulating it which should relieve you of having to remove it.

Best,GeorgeHi George,I don’t have an answer but after reading your post and seeing you were relieved that the trust is “irrevocable” I was wondering why.

@Josh Trup Hey Josh, Pittsburgh is definitely worth doing a deep dive into.

On another note, from experience, some lenders will do anything to get your business just to change the terms when they figure you're in too deep. 

We've just been in this long enough to know that three years is too little time to have a deep grasp of real estate.