Have set out and available for all: ApplicationsPensA one-sheet reiterating your rental requirements and the application processTape MeasureChat with everyone and charm their pants off.

There is a lot of charm to some of these suburb communities and lots of family draw.

I'll also create a second-level cleaning to be done every couple months that encompasses all the other stuff such as cleaning the trash bins.I also like the idea of not hitting for them replacement of linens.

This area can support A-class buildings (downtown area with mix of A and B class) and the apartments are significantly larger than anything else on the market, so I think this is feasible.Example Numbers:PP: $4,200,0000% down payment, principal only (0% interest), 10-year term, gets us to $35,000/m principal paymentRenovation: $2,800,000 (average of two quotes - one all encompassing, another comprised of subcontractors w/ GC fee)Income: ~$54,000/m with competitive $/sqftExpenses: $4,500/m in taxes & insurance (tax quoted from county assessor, insurance from broker) +$3,050/m maintenance, $1550/m CapEx, 9% PM fee (quoted) = ~$14,100/m expensesAssuming utilities will be paid for by tenants (standard in my market)This gets us in at ~$150/unit/m cash flow, which is definitely decent to me.

Purchase price: $1,050,000 Cash invested: $250,000 Acquired this 15-unit property in 2021 for $1,050,000, followed by a $500,000 renovation encompassing upgrades such as brand-new kitchens and bathrooms in each unit, updated flooring, a new roof, three additional rear porches, upgraded windows, and the establishment of a new laundry room.

Your expenses will too but your cash flow should outpace expenses because your rent is all encompassing.

The Non-QM market place often has prime borrowers who are utilizing Non QM lenders for speed of execution and the more relaxed underwriting.The term hard money has grown to encompass both short term bridge lending an these funding company loans which are permanent fixed term loans.

Winter Garden is a real catch – a bit higher in price but oozing with community spirit and charm.

Property has beautiful trees and flat space for maybe a dozen to two dozen RV spaces.  3) The building has some old school charm but also was boxed out in the 70's with ugly T1-11 siding, and needs a fair bit of rehab.  4) The "RV park" would need power drops for each spot at minimum, water would be next level and sewer ... who knows.  5) Building was built in 1937, is about 1600 sq ft, has the old garage bays and concrete pad out front (maybe it was a filling station too)I know the things about buying right and the numbers and such, more just looking to see if you have any creative ideas about what the building could be used for, or alternative ideas for the RV park, and also cautionary thoughts.

J Scott's podcast is an excellent all-encompassing guide to approaching syndications.