Unless apartments are just not as marketable, then a multifamily building is likely the most efficient for construction expense, operating expense, and rent/SF.With a building of only 12 units, I doubt you'll see any time-based advantage by phasing in duplexes.

One demanded we paint the interior the color they wanted or they wouldn't renew their lease.8) MoveOut damages typically exceed their security deposit.

Local MFA returns are incredible at the moment and I'd like to get in on at least one cycle of them, if possible.At the minimum, then, I'm looking for Phoenix MFA deals... but even more specifically, I'd really prefer that the sponsors be based in Phoenix or -- even better yet -- be from Phoenix!

Once you complete the rehab and have a tenant in place, you can refinance based on the NEW appraised value of the property once you've been on title for 90 days with a DSCR loan (if that's the type of financing you want to refi into).

The borrower was overqualified and based on compensating factors we presented a local credit union financed it with 25% down in 30 days.

  ( Our base contract is 12 pages  before we get into specifics of the job ) Customers generally get ripped off by going cheap , with the unlicensed contractor , i have seen it too many times , and it actually cost more to do it over than do it right in the first place . 

However each home and scenario is case by case and must be analyzed.There are also particular property managers to avoid based on many clients' experiences the past few years.

I would not take that risk, some would some would not.Real estate is similar in regards to your terms should be based on the risk profile.As another comment mentioned, are you getting a mortgage and this a second position lien?

I would love to connect, I am a certified business coach and business broker based in Utah. 

Was looking at projections today based on rate cut cycles and chances are we could see rates drop into the high 4's/low 5's in the next couple of years on average (that's based on previous cycles and a decreasing spread between the 10yr and mortgage rates).