I would appreciate any advice on anything I may be missing with putting this together or should neogotiate before finanlizing.Negotiated so far:Property: 9 Unit - 7 Apartments + 2 Commercial Garages (4 unit apt building + 3 unit apt building w/ commercial garage attached + standalone commercial garage on same lot)Background/Why owner is selling: A seasoned builder of 50 years, the owner purchased the property in the 1970s for around $8,000.00, later developing three apartments and two commercial structures.

Are you aiming to build a significant portfolio over time, or do you plan to keep it more manageable with just a couple of rentals?

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

I'd like to pull in beds, baths, sqft, build yr, and lot size.

You have to know the market before you build a plan and I don't think this market supports your intended plan.

Demo'd it and build a new 6,200 sq ft single fam. home (modular construction).

I saw the building has tenant and even upstairs which is direct to roof this one I got in first floor.

I will be using this as a building block on how I manage properties in the future so its important to me to have a basis to start from. 

What rate, term and amount borrowed did you get for the ADU build and what was the cost?

⬇️#AffordableHousing #HousingSolutions #Jacksonville #LegalVictory #PadSplit no one wants to live in these you'd be better off building extended stay with 250 sq ft rooms