Even some of the more experienced people on here said that the project you're describing would be out of their element.

This hands-on approach enables me to obtain useful information, allowing me to make informed judgments and alter my investment strategy as needed.Analyzing these precise elements of a property gives me vital information about its potential.

We have cleaned out those tenants, and have security cameras, and access control pads to the courtyard to deter unwanted elements from coming by.

Akron is a much smaller market than Cleveland, but has similar elements, demographics and economics (in general).

Typically private lenders won’t you CJ long periods of time unless it’s astronomical Interest as money is constantly devalued and $100k today vs 20 or 30 years from now will seem the money essentially worthlessOnly reason it works for banks is because the money they lend actually doesn’t really exist they make it up due to fractional reserve lending

Keeping thorough records of all expenses is essential for tax and compliance purposes.To make it easy, I recommend just keeping everything on the one account and avoid mixing in other accounts.  

Well in this new model you would essentially pay your investors 7% in the form of a debt service, therefore when you decide to do a cash out refinance you pay your lenders their 7% and you own all the equity in the property that you acquired.

The people looking at one bedrooms are folks moving up from hotels - essentially homeless people.

It's essential to thoroughly research the local market, understand the risks, and carefully evaluate each investment opportunity before making a decision.As a Minnesota native, I can confidently say that I prefer the warmth of a sunny state over the cold and snowy climate I grew up in.

Washer/Dryer is considered essential like a fridge.