To manage upfront costs on fix-and-flip projects, many investors use a combination of strategies.

That cost would have been around $3K.

If you oversimplify it and take your total cost to close the deal / monthly savings = # of months to Break Even.

You must disclose your a realtor and incur cost.

@John Hanewich building new is always a good option especially if you have the necessary licenses and can do some of the work keeping costs down.

@Shawn TumaFrom my experience, you can boost rental income and manage mortgage costs by targeting value-add properties and exploring mid-term, short-term, or room-by-room rentals.

You will truly be raising the clock, as each day will cost you very significant money.  12% interest on $250k is $2500/mo, or about $80 per day in interest, not including your other carrying costs (utilities, property taxes, insurance, HOA). 

They are free for 1 unit and then costs $9.95 per month for up to 10 units. 

This is what is pushing up rental demand for small MF properties that having lower rents, fees, or total move in costs compared to other larger commercial apartment complexes.

Scheduling a few out to different units and assessing their cost, response/communication, and overall quality of work.