If I had to guess I would say your money could “develop” 1-2 houses in Staten Island but in the right market you could easily get up to 12 or possibly more good units fully paid for.

Clear out that line of credit and finish the apartment and move on to flips and try to focus on short term money and my business because I already have a couple of rentals set up for long term wealth.

Another reason to not like a PM is that there is no incentive for them to save you money.

Buy a house using your parents' money, then manage it for them while living there.

I heard Brandon talking about how he uses private money, rehabs, refinances, and then transfers the title to his LLC.

I know one person that did this recently and was able to negotiate no money down and 12% over 5 years but this was probably in the mid west.

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.

You said, "I'll have to put in extra of my own money for reserves..."

Borrowed money from friends and family to pay cash for the property as the bank would not finance it until it had been remodeled, made livable, and brought up to code.

I agree with @Becca F. that hard money rates scare me.