So, technically, he never owned more than 1/16th, but it was always seen as Marcus' house by everyone in the family.

Before having any tenants sign a new lease with you, make sure to complete your standard tenant screening and run background checks, credit reports, etc. on the tenants.

A little bit about myself...I was born and raised in Westchester, NY (about 45 minutes north of Manhattan) and currently have a career in Interior Design & Textile Sales, with an extensive background in residential design & construction.

Hi @Victor Correa Just a couple things for you as a new investor:1) Co-WholesalingCo-Wholesaling is a great way to get started because you can do some deals but technically (if youre doing it right you'll be doing 25% of the work per deal and getting paid 50% of the profits.My strategy for Co-Wholesalers is to either focus on seller acquisitions or buyer acquisitions. get really good at feeding other wholesalers deals they can sell for you, or get lots of wholesalers to feed you deals for a couple strong buyers.

To use an example that is more established, when you buy and sell stock on an exchange you probably have no idea what goes on in the background, nor do you care.

I am coming out of a graphic design background of 16 yrs.

I have a background in the construction industry and have watched others do it but never felt comfortable putting my family in financial jeopardy by taking the risk.

You could always go private money if you -really- want to go there, but if you are "new to the game", then I'd heavily advise you against brand new construction without either a construction or engineering background or if you are heavily banked.At 80-100k equity, you could turn that into 135-170k of buying power with bank financing at around 60% LTV (I'd be conservative if this was your first time going at it to make sure you will cashflow and establish that to keep working with your banks).

If you put it under contract and market it fsbo, isn't the seller still technically responsible for paying the buyer's agent fees?

Or holding back huge amounts for punch list items, like holding back $1k for a crooked light switch plate because that means the electrical "technically" isn't complete.