Increasing your construction budget by a small amount can have an enormous impact on your overall construction budget, productivity and site safety/insurance premiums.

My most recent condo carries a rate of 7.99 fixed with about  90k equity the other carries a rate of 4.75 ARM with 80k equity The 3-plex has a rate of 3.45 fixed, over 250k in equity. 1.

@Kamryn DeVaultTo invest in a duplex, consider factors like neighborhood quality, economic stability, safety, property condition, cash flow potential, financing options, tenant screening, lease agreements, future potential, legal and zoning considerations, maintenance and management, networking, and starting small and scaling.

I am arriving at this conclusion because the appraisals relied upon for the BRRRR method in these lower tier neighborhoods rarely equate to actual results in an arms length transaction. 

That's safety in numbers. 

One thing you might want to consider is partnering with microsoft and adding a third party app to their office 365 suite of products as they have an accounting arm and many other applications already in play that you could add on just for property management and it would work on their system to integrate everything.

At a very base level, make sure the property is up to health and safety codes for your location. 

-> We reject 95% of the deals we analyze -> Most don't meet our strict criteria-> for safety and returns.If you've been considering diversifying into real estate but aren't sure where to start, let's connect.

Appraisals have to be done at an "arms length" from the bank, meaning the bank can't influence the value.

Having said that, there is no problem having SMART compassion and taking safety measures (15 months rent in an escrow account).