I recently spoke with a 203K loan officer here in Maryland, and they were very skeptical that the property I had previously eyed would have even qualify.

I like keeping everything local where I can keep an eye on it.

Background: I'm looking to buy my first multi-family rental property, a spacious two family home caught my eye in Rhode Island for about $180,000-$190,000, which should be able to get $3000 in rent a month, it needs a bit of work but is in a great location with upside.

I am new to real estate investing; I am eyeing a run-down property and was hoping someone here could recommend an investor-friendly contractor they have worked with?

Thank you for the advice because you just open my eyes to many opportunities.  

I'm also beginning to shift my focus towards that direction too and am eyeing the 50+ units.

Get educated eyes on it and go from there.

Erick Moreno I certainly don't think I was born with all of the answers, and like to think I'm at least smart enough to know when to ask for help, and was just looking for a second or third set of eyes to make sure I'm not overlooking something.

Keep your eye on the ball and do it quietly.

I can buy a top freezer model new one for 500-600 on sale at home depot, so I would not split the used model they are eyeing as that is a bad price for a used fridge.