Did you use a hard money loan for this? 

Also had to replace fuse panels to make it work - going back and forth with the city was dificult.

Step 4: Do a contract with the builder, order an appraisal to make sure the numbers work for the build, wait for the home to be built.Step 5: Close once the builder has a CO!

Does this make sense?

Stick to areas you know well; this familiarity can greatly reduce risk and boost your confidence when making purchasing decisions. 2.

But all it takes is one sour deal (investor loses a lot of money) for hindsight to kick in.You're right....who you work with matters.

You'll need something like 125 units netting $200 per door to get there, that's about 10 million worth of multifamily in today's money, so you'll need about 3 million in down payments.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

At least weekly I think about the the fact that someone else is going to work to give me 1/3rd of their money.

They pay their bills on time and make good tenants.