This is were others are suggesting starting a little smaller were you stand a better chance at capital raise and financing.. most of those I know in the Multi game started in a progression.One gal I know in Oregon  they started with a 4 plex and in about 15 years through a series of sales and 1031's ended up with a 54 unit.. they made a classic mistake and sold it thinking C class mid west was better cash flow.. they  sold and bought a 300 unit in the mid west and guess were they had to move.. they damn near lost it.. finally sold it and came back to ORegon down sized and are happy..Now if you have your warm market IE family and friends that will put up equity and probably help you with loans.. that's different but to go out into the open market .. boy that's tough.. and I think a does of reality instead of RA RA you can do .. might be a good thing for you.

I believe that by the time that happens, businesses that do not exist yet will fill the buildings or they would be re-purposed for a different type of use, especially in high traffic areas where marketing will be effective.

It may also be difficult to secure financing until the asbestos has been abated - though you would likely be looking builder financing, so it would be possible if you can sell the lender on your plan to repurpose the property and your ability to deliver.Have the building systems been maintained and service during this window (heating, fire, elevator, etc)?

I've been doing my due diligence when it comes to my financial education, read nearly all of the BiggerPockets books, the classics, been following webinars, networking with local investors, talking with local property managers, ect.

Here’s how a classic 80-10-10 worked with owner financing on a four unit residential property in Baltimore, MD.The seller was a worn out landlord and the buyer was an experienced real estate investor.

How to Win Friends and Influence People is a classic must read.

your quote reminds me of the Bob Seager song turn the page.. classic  :)

I’m surrounded by deers and trees mostly and the Mountain View is breathtaking but the cost of living is very affordable and this town is really a jewel with the classic cars and antiques.Majority of the homes were built in the early 1900’s and a lot of pipeliners are sent here to work.

I buy low-cost but quality - solid metal, name brand, classic design - faucets - usually Delta or Moen, brands that can be fixed easily and hold up to years of abuse. 6.

A classic red flag is someone stating they intend to move into inferior housing without any non-financial motive that can be identified. - You need to be able to convince the underwriter of your true intent to occupy, and using the term "house hack" (or any financial incentive) in this letter to the underwriter is a non-starter.- Not only do you need to convince the underwriter, but you need to convince them that a gov't employee at HUD will be convinced as well.