EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Here is what I know-$250k Strong (my client) = 1/3 = 7.33 Units Each$250k Elena/Investor = 1/3 = 7.33 Units Each$250k Mike/Builder = 1/3 = 7.33 Units Each$250k Investment = Profit $2 to 3.3 million.Purchase $2.2Build Cost $4.1Total Cost $6.3ARV = $12 to 22 millionProfit = $5.7 to $16 millionConstruction to take 18 monthsI am meeting with a lender and the developer, Mike today.

Simplifying to a single operational entity (Series LLC) for rentals and management can effectively meet your goals while minimizing costs.

No way am I going to deal with the TTTs....if you can't provide that, I'll just keep looking until I find someone who will tell me they can meet my needs, anywhere in the country. 

However, we have a lot of questions about pitfalls and unknowns especially with older properties, or if there is a better investment strategy since cash flow properties in our area aren't meeting the numbers we are looking for.

If I'm buying an investment property and the current tenants dont meet my screening criteria I need to know that up front.I usually assume that the current tenants either weren't screened or don't meet my criteria.

One of our biggest clients plans on building more up there and meeting another GC or two would certainly make sense.

I know it's in the works, but we would be ready to subscribe and pay once that is finished, provided we don't come across something else that meets our needs in the meantime.

Spokane has been a hot market for investing for awhile and local meetups and Facebook groups will be able to provide you the best information about what's working in your local market as well as any specific market risks / challenges.John

I am looking forward to meeting new people and learning about REI.