By carefully managing the scope and cost of renovations, you can maximize the return on your investment.3.

I would look at multifamily meet ups in the area to start.

When a PM does charge a markup, he's usually getting a discount on the service to keep the cost stable.

Thank you Alan, My mind is made up.

I have a mortgage with NBC and will be using them more this year.If you'd like, I'd be happy to connect you with my buddy Mark who can give you quotes on DSCR loans, and connect you with Jody Shaw @ NBC who can help drum you up some quotes and tactics on getting a loan with them. 

I'd have to see your overall layouts but I think you are on the right track. we build 3 story stacked triplexes and it's very efficient so don't be afraid to go up either. anytime you build more than 1 structure costs are much higher but if its just to offset mortgage and you want to be separate then I understand. 

Hey Joseph, my understanding is that if you wanted to team up with an accredited investor though an LLC in order to invest, both members of the LLC would have to be accredited.

I talk to so many people who regret not getting a PM up front because they are having problems or high eviction rates doing it alone.

If the leases end up in the realm of where we believe they will the value of the building will go up a good amount and we will have close to 1 million in equity.  

Hey @Stephanie Medina, this comes up fairly regularly and is really an individual situation.