You said you put up all but $5k of the money, but you didn't specifically indicate who was fronting the cost of the rehab...materials, etc.

Some of the materials we choose and asked him to pick up (such as flooring) he replaced with low quality materials, I assume to keep more of our money for himself.

Can anyone tell me where it is best to place marketing material in or around the Philadelphia area?

His expenses seem pretty high to me with about $40k/year in materials and $60k/yr in labor for maintaining the park and maintenance for the homes.

Our family has a four-plex that my dad is looking to give my brother and I to manage and own; so he can focus on getting promoted and maximizing his pension.

Furthermore, the better platforms understand this quandary and are unwilling to support it.For both these reasons you might want to consider promoting your project directly yourself in combination with any work you may do with a crowdfunding platform that will list your deal.

Most builders are only able to make a profit because they build many homes at once and get materials at a steep discount due to the quantities they order.It's not like flipping, where the property is there are you are just improving it, you will have many costs such as connecting the property to the local utilities which could be inexpensive but can also be (more likely) crazy expensive, it all depends on the land you purchase and the proximity to current local utilities.The lure to jump in can be hard to resist, but take your time and find the right property. 

@Tyson HoseyThere is someone here on the boards who has been promoting Charlotte as a great place for corporate short term rentals.

Hi, I’m trying to educate myself on real estate investing (I know that’s a broad statement). My wife and I have a duplex near Philadelphia that we occupy part of and I would like to get more rental properties (and hop...

We are currently building a spec home in Mequon in the 600k range and I would have loved to build at a sub 500k or sub 400k price point, but the between the cost of land, labor and materials it turnes out to be impossible.