Quote from @Mitchel Quinn: Quote from @Jaycee Greene: Quote from @Mitchel Quinn: My name is Mitchel Quinn and I would like to get a good foothold in the door of real estate to get on the right path and stay there.

This is why the moment I hear a hungry-realtor saying how they want to get out there and get with a client like yourself because there going to make "oh so much commissions" or that an agent works with "all investor buyers" I just giggle and walk-on, because that's just a declaration of ignorance and inexperience. 100%, what your doing as an active value-shopping investor, going for small-"pop" properties, it either (a) isn't worth an agents time because it simply does not pay enough for the work involved or (b) the agent is too green to know this and than, since they are so green, there no-good at it anyways. 

Two, you'll have a much easier time obtaining a mortgage product if you have a track record of W2 income.In the meantime, continue implementing the strategies you mentioned: save religiously, build your credit, pay any existing debt owed, etc.

Mostly tho, make sure there is demand for your product. 

Unique neighborhood and product within local market.

Significant industry investments announced in Texas in the last two years will further accelerate domestic semiconductor manufacturing, reducing reliance on foreign production and supply chains and further ensuring our nation’s security.

Quote from @Jaycee Greene: Quote from @Devin James: Quote from @Jaycee Greene: Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball Hey @Devin James.

@Jaycee Greene I am looking to buy a primary residence while I am based there, then turn it into a rental once I PCS again two years later.

Thank you @Jaycee Greene and @Hossein DaneshIn sum:- 42 apartment rental deal (land has potential to add 32 more on  two small building but that phase would be out of scope for this initial stage analysis).- Negotiated sales price $3.2 (seller financed)- 30% DP @ 7% / 20rs.

It's not RTR's fault the property can't absorb proper cap ex, that's a product of the market.