Hi Sean from Upstate New York-You have a full time career and have been studying real estate investing.You are asking yourself if you should accumulate properties one by one or a bunch all at once from an investor selling their portfolio.Personally, I would advise you to accumulate your properties one by one using the buying criteria you establish.

Why can't we have one, especially if we could have permitted separate utilities?

.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

I specialize in small multifamily properties and house hacking working alongside BiggerPockets podcast guest Andrew Freed to help investors find high-performing deals in Central MA.My Background:  - Started in late 2019 I utilized an FHA loan to get my first 3 family property in Fitchburg, spent about a year fixing it up and soon after I refinanced. 

If you don’t, then it’s time to start contacting the wholesaler(s) whose cash buyer’s lists you will be utilizing, any agents who have cash buyer’s lists, or fill out the form online and partner up with the Flip Man.Ideally, you want to get a cash buyer and have them sign the assignment contract within 1-3 days after getting a property under contract.

Eliminate debt, establish a budget, and save.

Our avg monthly expenses with reserves is around $1500 (mortgage, taxes, insurance, utilities, reserves ect).  

For the BRRR method, houses that just require lighter work and have working utilities can be low hanging fruit and competitive.

Quote from @Erik Estrada: Quote from @Mario Morales: Quote from @Erik Estrada: Hey Mario, I think you should first establish whether or not this is a non-owner occupied rental property or if this is just a primary residence refinance.

Quote from @Brandon Larson: It's important to have established policies and procedures, but I wouldn't put a lot of effort into that with only a duplex under management.