Phase 1 Environmental Site Assessment (ESA)2.

These goals dictate the ideal asset type, in may case, single family homes.If you understand duplexes and they support your goals there is no reason why you should venture out into 4 families, which are typically lower rent per door. 8 and 12 unit buildings are different animal all together and in a way the worst of both worlds - these "mom and pop style MF" have lot of the disadvantages that come with MF, but don't give you all the advanatges and synergies that you get with a "real" MF, say 75 units and up with professional on site management etc.

Inspections will include not just a physical inspection of the property, but also engineering assessments; environmental assessments; zoning and permit inspections; leases and service contracts and finances (3-5 years, preferable prepared by an accountant).   

We’ve decided to reinvent the BRRR strategy... ok not reinvent but do it our way... We are going to “Build” Rent, Refinance and Repeat. Quick #’s- Lot 200k- Build Cost 350k (lots of sweat equity)- All in 550k- ARV 72...

I've finished my first solo live-in flip (Mindy Jensen style) and have the option to take on a much larger project, my parent's partially renovated home.

It is difficult to say without knowing the site requirements, type, style and finish of construction etc but on the surface the cost seem a bit high.

You can limit inspections in your offer to catastrophic plumbing, electric, foundation, structural or environmental issues.

The key will be finding the company, in your desired market, that has the technology in order to support that style of REI. 

I am gathering that borrowing in my LLC using a commercial style 30yr for purchases and refinancing is better as it will enable me to write off the mortgage payments as well as prevent my DTI from rising too high, is it worth the added points and interest in most cases?

I figured if I go ahead and do the leg work now and put together a quick reference list of cost effective items that will enhance the quality of my rental, it will save me time and money later when needing to do the actual renovations/updates.I'm tracking that markets/locations can vary with styles as well as people's personal preferences etc.Does anyone have a list that they wouldn't mind sharing of what particular items have been your go to when updating your units?