Illinois--Single family house 360k asking- built-1920s-told that it will need repairs.

I’ve realized I need additional help—someone local, like an assistant.Here’s my idea: I was thinking of purchasing a small piece of property and putting something modest on it, like a single-wide home or a similar small structure.

I only have experience with regular single-family homes as STRs.

But it is very much applicable to single family rental and residential units simply by getting bridge financing and a post transfer cash out refi.

Eventually I want to get into single family and multi family rentals.As far as effort or work on the fixers;  my brother in law is quite handy and my next door neighbor has said he would help in anything that is out of my scope of expertise. 

If your property is residential single-family owner-occupied in a good area, the buyer has good credit, made a good down payment, and twelve or more on-time payments have been made, you'll be in the lower range.Note buyers, just like lenders, won't go above a certain loan-to-value (LTV) ratio.

I'm particularly passionate about single family home.Outside of real estate, I enjoy mountain biking, hiking, riding motorcycles.Excited to learn and connect with you all!

I got comment to submit a single plan.

I was thinking that by giving a single builder rights to build on the land, I would get 1% of each contract price, something along those lines.

Purchase price: $2,400,000 Sold a single-family home and did a 1031-exchange into a 5-unit building at a cheaper price.