Investment Info:

Single-family residence buy & hold investment.

Purchase price: $63,750

Cash invested: $13,000

This was my VERY FIRST deal. Had no idea what I was oding.

Bought for 63,750 off ...

Would be a great achievement if it works - I would also reach out to the railroad track company to ensure there won't be any disruptions or issues they may have when/if you start the development process. 

"78"So long story short, he has it set on 78 all winter, gets an outrageous bill, calls the power company's hotline that helps low income families pay their bills- they tell him to turn the thermostat down to 69, which he does, and although the unit is working fine, he calls me to tell me it isn't working because it's not blowing hot air.

Use due diligence as a reality check to create accurate and achievable projections.

The cost per unit is actually below average for Reno and maybe bit high for that location. 

RecsCraig Curelop- The House Hacking Strategy: How to Use Your Home To Achieve Financial FreedomChad Carson- Small & Mighty InvestorBiggerPockets & BiggerPockets Rookie PodcastsGood luck!

We are looking for private lender recommendations, and also, can we achieve private financing inside of 30 days?

My property is a legal three unit. I

It seems to me that this would help to improve cash flow on a more frequent incremental basis rather than having to wait until a unit is fully paid off.what are your thoughts as to the pros, cons, and things to think about here?

Exploring a combination of these strategies, such as using a HELOC for a down payment and securing a DSCR loan for the remainder, could help you achieve your goal of purchasing additional properties this year.