If you haven't bought or sold any real estate recently, the new rules in play may leave you wondering how this may impact your financial responsibility in the transaction. 

Only buy good condition or brand new.

I am brand new to investing but looking to take action preferably in the multi family space .

Adam, I am vaguely interested in BRRRR to vacation rental in cottage country to play the long term appreciation game.

Rates/pricing has to play a part of course, BUT knowledge and responsiveness is actually more important. and to answer your second question, well, look at my last sentence for the answer. 

Make your value add plays effecient and effective.

@Rob Ibarra Converting non restaurant space into restaurant space can be fairly costly from what I understand due to the need for larger than standard water lines to service the building and a general need for grease traps and other restaurant specific infrastructure.My first question around going from abandoned auto shop to kitchen is zoning, could you even get the use approved, and then are their any environmental factors in play? 

If it’s a subway that has a corporate guarantee and option to renew that is a much lower risk than a brand new business that has a High chance of going underWhat we see frequently is investors chase returns and ignore risks.

I need to know I'm not being played. $20,000 is a big investment. 

Play with this calculator  https://www.nytimes.com/interactive/2024/upshot/buy-rent-cal...