We removed a few walls and made it an open concept home.

Regulations are both the best and worst part of investing in CO - best because they are confusing, which gets rid of large Wall Street investors and keeps competition lower and profits higher.

Finally, I might be novice to alternative investments but to your point, I believe Norada just ran into an economics wall and lost its ability to meet obligations.

With this endeavor, the boats have been burned, the walls will be stormed at any and all costs.Hope everyone is having a great week and ending of the summer!

Reading what you all I’ve had to say, which I very much appreciate, I’m a little concerned because it is definitely boutique and also very high-end in terms of style: stamped concrete wall, polished  concrete floors, chicum wall in the  kitchen… but there are only 10 units total. there is a coffee shop that will be on the first floor and as I mentioned it’s right on the border of La Valeta and Holistika.

Just know what you're buying as there's still a lot of FP panels, 60 amp service, aluminum wiring, asbestos tiles/tape, and plaster & lathe walls.  

You might have a home that literally takes one dividing wall of 2x4s and a kitchenette, or you might have a home that you need to add exterior doors, breaker panels, relocating utilities, etc.

When we run into walls, we look for easy ways out.

You should either buy with a DSCR up front if the property is eligible and self fund your rehab or hard money for acquisition, do most rehab to common areas with the exception of additional walls prior to refinancing into a long term DSCR loan. 

Megan Luckily the math part isnt too high level just addition, subtraction, some mulitplication and division but we as a community can all help you through it.Leave the complicated math for the wall street quantative analysts and derivative traders.