I would still use a Hard Money Lender for something like this - some have a minimum but you may just have to search for a bit and find one that doesnt.

I just acquired two fixers in Whatcom county that I will be rehabbing this spring.

.: I am new to this and trying to gather as much  information as possible.We are mid fifties, living in a tourist area on the coast of GA.

Does anyone with experience on the island know if there really are properties that cash flow here after all things considered or is this not a good idea?

This keeps things safe and makes it easy for contractors to get in without you playing doorman all day.🔹 Step 2: Get Your PermitsNobody likes dealing with permits, but skipping them can mean big fines and major delays.

If I understand you correctly, this is a simple seller-carry situation.

This of course pushes "comps" lower and affects the selling price lower of anybody trying to sell.

This intermediate step allows you to develop the required systems while the consequences of mistakes remain manageable.One strategy that worked well for several investors I know: partner on your first larger deal with someone who already manages multi-family.

If I read the story correctly, your client did not report rental income.

I want to know any and all tips, advice, and of course down sides to this lifestyle.