@David YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.

Just to confirm my understanding, you are living in a side by side duplex in Miami - you want to renovate the other side that you aren't living with a renovation loan?

So they are good paying retail.. we had 5 to 7 offers on each project .

Off market deals usually have nonrefundable deposits and a clunkier process that isn't as suited for out of state people until they have good contacts in the area to evaluate the property (mostly contractors that feel comfortable evaluating projects for you).

Maybe you help manage the property for them for a small %, or give sweat equity for small cosmetic renovations?

Doing small projects not sure.

One of my connections will fund the rehab for less and give it all to us on the upfront to finish the project at a lower cost.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $144,900

Cash invested: $13,000

This is a charming 4 bedroom, 2 bathroom home in Bossier City, LA. This move-in rea...

I would like if you ever need a licensed GC to do renovations/Tenant Improvement projects I have a group for that.