Eventually, years down the road, I would like to sell some of the properties that I have acquired to pay off other properties and own them free and clear.

Purchase price: $310,000 Cash invested: $350,000 This was a full rehab 6 unit multifamily building.Our firm did everything from locating and acquiring the project, to managing construction, and then finished up by leasing out all 6 units for a premium rent.We used a construction loan to secure the property and do the rehab. 12 month term which we were able to do construction and lease out all units before taking out the original loan with a permanent commercial loan.

I am seeking to acquire more properties by way of this strategy but I’m having a hard time locating info regarding notice of default access.  

The LLC comes into play after several properties are acquired.

The fund I acquired for previously focused on large SFH.

Given the parameters of needing to be remote and trying to maximize monthly passive income while acquiring more/larger properties either through more SFH or 5+ multifams, if you were in my position, what would y'all do?

We source, acquire, subdivide and develop land for home builders or deploy prefab, hybrid, modular homes in the pathes of growth - nationwide.

I've been reading up on 203k loans as a means to acquire a main house and then fix up a garage as an ADU. 5.

The game plan is to acquire the land and build a vacation home to become a vacation rental.

It's crucial for sellers to fully disclose how they acquired the property to avoid any misunderstandings.