Toxic paint et al.Would you want your family living in house remodeled with cheap Chinese s**t?

@Shayan Sameerif you are putting down 20% cash but borrowing 80% from a HELOC, i still think you won't cash flow.i also get nervous when people throw out entire states. 

@Troy Gandee I’ve been to Edisto and remember how cheap it was a few years ago.

A lot of people cut corners out of cheapness, but most of the costs can be passed on to the borrower, and if you do it right, your new loan will be more valuable should you decide to sell it.

A few other methods cost some money but is usually just throwing away small amounts at a time. 

CT isn't cheap so if you plan on doing it there you are going to surprised at how poorly you do. maybe in the suburbs I'm not sure but as much as I know people call us from CT and everyone is rich and has lots of money and things are expensive out there. build to rent is a great model. we build 3 story walk up infill and keep it to the residential side. 3 units is the most units before it's commercial and you need engineering, etc. check comparable and things liek that. we came up with this design a year ago and we sold 10 if you want to talk further please DM me happy to connect. there are some great build to rent conferences. we went vertical not horizontal with it to save on build costs and design to fit on any infill lot. this fits on a 3500 square foot lot. most lots in our area are 30x120 or 30x150. in miami where I live now they are 50x100 or so. but any infill lot we can pretty much get this one on. there are some great build to rent conferences coming up too that if you like this topic I'd recommend attending I'm sure you'd learn a lot.  

While they might not be the cheapest - no HM lender is "cheap" - they do a good job at what they do.

How much weight do you give to the cash flow benefit of cheap debt when the property is priced above market?

If you throw away 30 linens per year without getting reimbursed, it is $1,000.

A triplex that cheap is hard to come by I'm curious as to which market you're investing in and the state of the property.