Consider a different investment location if you can't find an experienced team with all the necessary resources.To build a local investment team, start by finding an experienced investment realtor.

An apartment building would be considered multifamily.

High rates are here for at least the medium-term (1-2 years), so deals will have to pencil in this current environment.You may also want to consider hard money for your lending, as they can often fund your construction with far fewer restrictions than a HomeStyle loan.

I’m most impressed with the fact that you studied real estate and real estate markets for a year before investing; that you scanned the possibilities, chose what you considered the best opportunity, and went all in.  

A little update with the bank, they are now telling me that they aren't even going to consider a settlement or a short sale unless the past due 14 contractual payments (around 8-10k) are paid.

.: I am trying to learn and understand... someone told me that its not just size of the home or level of the flip that determines profit, and that in some markets, what is considered a typical profit is 300k based on the 70% ARV formula.

We consider this issue closed.

@Tom Hall, a few things to consider:1.

Just a few things worth considering.

I'm considering leasing out storage space for boats and RVs.