If you are trying to do this in Newark, you need to know the market of that particular set of blocks so you don't overdevelop for the farm area.

So a lot of little guys like me are paying double for their money.

Feel free to reach out if you have any questions!

Primarily desert washes, but also near a creek....So I would go knock on doors and ask neighbors when it has flooded and what they think about the area......maybe call the County water board and ask then what has happened there in the past.

Do you have a significant other who could take out the loan?

When we built up the triplex, we set it up so that each of the 11 rooms can be rented out individually (all BR, except 2, have their own bathroom behind an electronically locked door).

Secondly, how many doors are you managing?

If this job popped up out of the blue, your intent was not to move within the 1st year, so you may be ok.If you are planning on building a portfolio of homes, it is safest to stick in your home for 12 months to reduce the appearance of potential fraud. 

Its not a set price per unit or building but rather a percentage of income to debt.

If you get dealt that character card, your primary challenge is that you need to replace a lot of income to get out of the rat race.