The primary residence lien is "boot equity" and functions as a guarantee but is more of an incentive to encourage project completion.

To get back to one of your original questions, I am a member of CTREIA and @Raymond B. is spot-on in his assessment: the biggest value is in the networking.

The biggest thing for you is to build a very strong CORE 4:which relies of a great realtor, contractor, attorney, and property manager.

That being said I’m Submetering a 5 unit currently and the biggest expense was the actual meters which my electrician directed us to the exact product he wanted and told us to buy it off EBay.

The biggest changes were simply making the place new buy re-painting in neutral colors, replacing some very bold colors they had before; such as the dark red dining room.

What’s the biggest hurdle you’ve faced when starting a new construction project?

For example I'm thinking of David Greene's suggestion that you agree up front to provide a monetary incentive for the GC to get the work done correctly and on time, along with a penalty for blowing past the deadline.

Getting a deal in the right neighborhood is the biggest challenge.

That is the biggest hurdle that beginner investors have when starting out.

Great move on negotiating with the seller though.I know you said you have called everyone but I'm shocked you can't get an answer since septic is usually the biggest issue with counties.