Keep a schedule and stick to itDo receipts at the end of the day or they will multiply!

Since banks lend a multiplier of what they have in physical $, this is how we get where we are today.

That being said, having a partner is still a great way to divide the risk, multiply the ideas and split the workload.

I just need to make sure that my projects don't get tied up for months in review.I made structural modifications with my last project here in CA and it triggered an avalanche of extra work to bring the place up to code. 

Commercial property values are determined by rent multipliers and capitalization rates instead of comps.

Once you learn the intimate details of your selected area, I'd bet you find that there are a few owners that own multiply properties.Side Note: The usefulness, or uselessness, of the MLS seems to be geographically relative.

thats an understatement.. any property bought in those counties in the early 80s has gone up 6X to 20X  I had one in Sonoma county that I paid 27k for in mid 90s and sold in 2020 for 2 million  :)  I think I have done well on my San Diego RE purchases, but none have close to that multiplier (I do have one that has more increase than that but it cost $775K so its multiplier is a little over 4, it is not my highest multiplier).Coastal California has produced great returns for the RE investors.

DO you want to continue to live in NY, where cost of living is going to increase and where they champion kicking out 25,000 high paying jobs that would create an additional 75,000, with job multiplier.

Generally piers need to be set 7' apart, so 7x7= 49sf.Let's say the house is one story @ 1,400sf. 1400/49 = 28.6 or total of 29 Piers.Now multiply the number of piers by $250. 29x250 = $7,250.Now add $200 for permit & $400 for Engineer's letter (yes, both of these are required by the City). 200+400 = $600Total foundation price = $7,850.In the above scenario, this assumes all piers need to be replaced (this is usually not the case).

The renter criteria I used initially was as follows:*Min. 3x rent multiplier *Credit score of over 650+*Small dogs and cats are ok*No smoking *No criminal record & eviction history*The first step was to take really good pictures and write a nice and detailed description and list the unit on Zillow Rental Manager and FB Marketplace.