I’m also focused on multi-family investments, primarily new construction duplexes in Indianapolis.

A free ticket to the 3 day and then an honest critique or constructive feedback if I did a good job with sharing info.

Purchase price: $204,000 Cash invested: $30,000This deal was an almost brand new construction in an up and coming area on the outskirts of Houston, TX.

One of the agents owned a construction company with her husband, and the other agent is an investor.

Here in the Reno, NV area there are new construction homes that have tenants already in place, paying above market rent, and the builders are offer 5.5% interest if you use their lender.

Even if you have enough for a down payment and closing costs, there is always a chance the furnace or AC goes out the first time you try to turn it on (typically this would be caught by an inspector), or some major damage happens that insurance doesn't cover.  

. $7000 closing costs on a $420K property plus an additional $30K for construction loan.

Talk to the building inspector, they're the ones who handle egress for us and they are the ones who set the standard on what is a safe means of egress.

Get approved for construction loan (This is normally a loan at an 80% LTV, right)3.

If Planning does determine the existence of your ground floor unit, it will require you to legalize the unit through the existing Planning code process assuming zoning supports the third unit OR using the new ADU program making your fast track condo conversion a passing dream.With regards, to some of your latter comments and questions:1) Any un-permitted work (including corrections) is not a good idea as a quick compliant from a neighbor can bring an inspector knocking on your door with a NOV especially in the current environment where everyone is SIP.2) Legalizing existing constructed spaces can be hit and miss based on the inspector you get.