For this reason, I would take inventory of the local banks within your target markets that offer financing options that best serve your real estate needs (again, usually the smaller local banks), and build depository relationships with them.

I work a full time job at a wood shop building custom cabinetry.

Being a Section8 HUD building, there was an immense amount of paperwork and due diligence that was required.

Quote from @Joseph Bushnell: I'm testing out the idea of building a data center and I was wondering if anybody has heard of owning the building and having a third party operate the data center itself.  

Be an area expert on contracts, zoning, value add components, contractors, and so much more. 

Always excited to connect with others building something from the ground up!

Building a relationship with local real estate attorneys or agents specializing in STRs in the area can save you headaches down the line. 

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

I’m a contractor with a couple single family homes for rent.

I care about collections, not just bodies in the building.