The local who lives there but commutes 30-60 min to another community because they can’t find a job to support their family in their town.That same local knows that a 4plex would be great on that lot that’s been vacant for 20 years and that there are at least 4 families who could benefit greatly from that development.That local knows that Ryan’s plumbing and Katie’s electrical companies that service 75% of the town really needs a new flex space to use as a shop, storage, and parking for their business so that they aren’t working out of their garage and can hire a couple of locals to work with them at the office and in the field.Development is different in our small towns but if locals aren’t the ones doing it, and developers aren’t coming, what happens to our kids futures?

I hope I hit a home run on that rather than striking out!

Quote from @Devin James: Quote from @Scott Mac: Maybe the infrastructure, electrical grid, water sewer, pavement thickness on the roads, cannot handle the extra people in the area.

I wanted to bad to bust out in her hit "What part of no don't you understand.".   

You can often uncover major things with a little research before you view the property - Ages of appliances, HVAC system, foundation/cracks, plumbing leaks, small electrical things (bring an outlet tester), signs of previous leaks, termite damage etc.

🚨Use code SUMMITPERK to save $100 on your ticket Get your ticket here: https://get.biggerpockets.com/passivepocketsevent/Columbus Ohio on the map as one of the fastest growing cities that you can still hit the 1% rule and get amazing appreciation!

At my brokerage we do a total market analysis for the Northern Nevada Tahoe area, as soon as a property hits the market we know if it's a good deal because we have the data put it on the radar.

But even if you hit a home run and grow 30%, that is $7500.

No experience means you’d be leaning hard on mentors or a team, and one misstep (like overpaying or underestimating repairs) hits harder than with an SFH.My Take: If I were you, with no experience and enough capital for either, I’d lean toward SFHs to start.

A few things to consider:Utilities: Do you know if seperate gas/electric meters exist and who pays for the water?