Are you choosing to work in this market, or are you randomly making low offers on Zillow properties that are high days on market? 

I believe that will make it a multi-unit family.

@Brandon Ja - The standard answer here is to check with your CPA, but from my standpoint expenses that add longevity and functionality to an existing property (including adding square footage) would make that a capital expenditure that can be depreciated over time.

Good afternoon, I just closed on a multi-family property (4 plex in an older home) . 3 units are rented, 1 is vacant and there is a shared common area for laundry.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Athens.

If you couldn't fail, what would you choose to do?

Definitely open to single family if the multi family didn’t work out.  

Investment Info:Small multi-family (2-4 units) buy & hold investment in Athens.

I think I understand why wholesalers choose to work alone instead of working with JV deals and trying to help another fellow wholesaler.  

This turned out to be a great decision for us and our investors, because a few months after the buyout was complete we sold the property for a massive gain, and our investors received profits that would otherwise have been allocated to the institutional LP had they still been in the deal.For these reasons but not only these reasons we choose to raise capital from our base of HNW investors.