Fannie Mae allows for higher loan amounts and larger renovations (up to $806,500 in most states). 

Hey @Eli Edwards,In my limited experience New Western, and any other larger company who is geared towards wholesaling properties, generally doesn't leave much on the bone for the end buyer. 

It's not easy, but all successful agents operate like a business with daily tasks to attract leads and follow through on those leads.

I know of some folks in KC and Memphis doing new builds like this, but they are doing it within a much larger and long-term project that includes upwards of 300-500 units built over the course of 5-10 years.Assuming you're looking in Columbia, do you have a "B+/C" neighborhood in mind?

I commuted back and forth from Arizona to California for 4 years and when I would stay in Arizona I stayed on the fold out couch in the living room of the guest house behind my Arizona primary home because my mother-in-law still lived in the bedroom.During this time of living in Arizona for 4 days and California for 3 days a week, my business partner and I built a large real estate portfolio through hustling and finding good deals.

I've had them long enough to keep pushing up rents so that I am at the top of my niche, but know not to exceed it because I'm just about at the point where if I raised rents another $50-$100 I'd be crossing over into the lower end for larger units.

You don't need to be larger than life, driving flashy cars, or using your looks to make a sale.

Keep in mind that these offices love to charge you their premium package (€250-€350 and up) while usually, you will be perfectly capable of doing some tasks yourself, especially in the beginning when there are not that many things happening in the new SL.

For the first time in years I’ve noticed many of the larger apartment complexes even offering the first month free to fill vacant units, so it’s clear that demand is down.

Without accounting for management fees (I have not yet decided if I will try to self manage), and with planning to raise rents to typical market of $825 for each of the smaller units, and $1200 for the larger unit, does this seem like a worthy first investment?