Gorgeous Photos 

If you're willing and able to be more hands on, cut your teeth on a few flips or use the BRRRR approach on a few self-managed single family or residential multi-family properties. 

But as you cut your teeth on your first smaller properties, you'll be much more able to manage and mitigate the risk of using professional management.Adding value. 

So now I feel like I'm starting from SCRATCH with my new words like NOI, ROI, COC, etc.My issue I'm curious about, is I found a GORGEOUS (my price range is normally ghetto to gutted) 4plex for sale at a reasonable price.

Scott,I am looking at a 1.3M value add project.The project is Norfolk, VACurrently the property consists of two gorgeous houses with a pool and is 3 acres within walking distance of the Chesapeake bay.

I have a bunch of real estate books on the way (all suggested on the BP podcasts) that I can't wait to sink my teeth into.  

We'll be removing a lot of it :) That room is currently gorgeous birch hardwood like the living room, but I'd definitely tile the entry, if we do this, and poach that wood to fill in elsewhere.

The property was a "niche" property- high end and gorgeous, but needed a pretty specific type of buyer. 

It seems to me like the only to really make a rental work out there is to really fix it up a lot (like you did there, looks gorgeous btw).Anyways, congrats on getting something to pay for itself in that market.

He had to remove part of the ceiling and part of a ceiling joist because of some bio matter (teeth mostly) (just shuddered a bit).