I said that buying off the MLS at full cost, using secondary lenders for the down payment, closing costs and cash out was foolhardy.

Cash flow approximately 350 a month.Option 2: Use the cash to buy land to build a 6 bed 4 bath duplex, all in cost approximately 300k/330k. 

Also, many students are complaining about the cost of the large buildings that are closer to campus with rental rates that keep increasing.

And you can also buy them when they're beaten down and underpriced due to market overreactions like currently, due to rapid rise in US 10yr rate.I've read and watched multiple Good Egg offerings and they are typical of many feeder funds and to be fair like many primary GP/syndicators as well for both taking on unnecessary risks and also charging confiscatory fees, as #1 they have no skin in the game and #2 they get a big cut up front whether project fails or not, find GPs that are investing >10-15% of their own cash into every deal.good luck and sorry this happenedlooks like they are a fund of funds setting up crowdfunding to invest in other offerings.

Larger properties offer economies of scale and better financing terms, but they also come with more complexities and higher upfront costs.

. - WRT income, at a minimum it has to cover all of your costs plus some for unforeseeable expenses.  

Do you have a total price range you're looking for, or maybe a cost/door?

When in Due Diligence have a thorough inspection and get estimates for any work that is needed now and potentially in the next 3-5 years. don't forget about the tax benefits to doing the work upfront.

It cost $38,000 for the framer to take on the risk and do the work - and that does not include the cost of the GC, or architect, or plumber that was also required!)  

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.