Reece,without full financials i cant advise much, but i'd be leary if the deal doesn't pencil at least ok while the current rents are in place. reason being is you'll still have your expenses (PITI+mgmt+repairs etc) until the units can vacate, no rent remodel, lease up again. with that much repair it feels like you have a LOT of DD before diving in.

For example: A 10 wide x 20 deep x 8 tall unit, with studs, roll up door and doorjambs; is really 9 wide x 19 ft 6 inch deep x 7 ½ foot tall.

Learned how to dig deep and just keep pushing forward till the job is done Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Real estate investing is like exploring a new world, and it's awesome that you're diving into strategies like BRRRR and house hacking.

I have some land on the bottom of a mountain and the neighbors wells are only 200 ft deep, not on critical slope and it use to be farm ground with no rock to hammer for foundation/septic so when I eventually build there my costs will be greatly reduced and $130 to $180 a sq ft build cost could be realistic outside the cost of the land. 

I've also been listening to the Bigger Pockets Podcast and Real Estate Rookie (I've actually found out about Bigger Pockets from Real Estate Rookie, funny), and some other podcasts that dives into real estate investing.

Without diving deep on numbers, places like Wisconsin Dells and surrounding areas, Munising, MI for Pictured Rocks National Lakeshore, anything near Mackinaw Island - Cheboygan and Saint Ignace, lake towns near Boyne/Boyne Mountain to get some summer and winter traffic, maybe something near Arcadia Bluffs that sleeps 10-12 to host larger groups coming on a golf trip. 

Make sure to establish your Core 4 Real Estate team before diving in, this will be your support system throughout the process.

Let's dive into your situation:Flipping vs.

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $310,000

Cash invested: $350,000

This was a full rehab 6 unit multifamily building.

Our firm did everything ...