Many builders would not want to begin building on top of previous work, especially if it's sub standard.

@Hanzel Ana Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Standard Charter Bank is getting into storage and transactions, PayPal is offering crypto purchases and are seeing higher than expected demand and are rushing to rollout the global offering.

With rehabs you can get to significantly lower purchase prices and typically the lender will just be looking for  a100k+ ARV so that you can refinance out of the loan once rehab is completed (100k as-is value is pretty standard for DSCR loans).With rehabs experience is the biggest factor to LTV and rate so partnering up with someone for the first one or first 3 will get you significantly better terms (working in the same area can also provide benefits in terms of LTV).

I doubt there were any projects, other than your standard issue Ponzi scheme.

As such, there's a wide range of quality in Martis and probably a range in $/sf.  -$600/sf houses (or even $400/sf) are definitely not out of the equation. 

It will enable you to continue living for free while your residents pay off your mortgage for you.There are several turnkey companies in the middle/southern part of the country where you can buy high quality single families for under 275k in landlord friendly states.

We sign a completely new lease with the new tenant after we make sure that they meet our rental standards.

He is not a licensed financial professional, which is convenient because he does not have to adhere to strict regulatory standards such as disclosing conflicts of interest and how he gets compensated as noted.  

This should generate 1-2 BRRRR opportunities based on the quality of the list.