You will have to source these properties from a wholesaler, where you will have to put down hard non refundable assignment money at the assignment of the contract, or source them yourself.The steps to follow for a subject 2 property are as follows:1.

If this is your first property, you could consider starting with a smaller apartment building and going after the opportunity first, and the property as a secondary consideration.

I’ve learned through experience that if a renovation will take several weeks or months to complete, it’s usually better to hire contractors.

I am looking at 1031 possibly or just fixed refi/or use my heloc for the time being on a value add for a building 10-40 units (market dependent on price). 

•Have relationships with other pros—lenders, attorneys, wholesalers, contractors—so deals don’t fall apart.But if you expect an agent to hunt down every deal for you while you just sit and wait, you’re going to keep being frustrated.

A formal business built on this seems overkill as you’re essentially paying someone for a service that already has standard model.If you and the parnter have distinct business tasks/abilities (i.e. not what you would hire an agent or contractor for), such as off-market lead generation, that’s a different discussion.

Property includes: (2 buildings)The large old building with main level office previously a dental office and potential for build out second floor of (1)-1br efficiency apartment, (3)-2br/1bath.

Quote from @Kyle Hess: I'm building a list of tools you could have handy while touring a potential fix-and-flip. 

I don’t believe you can do a 1031 into building an ADU on land you already own, even if it wasn’t your primary.Reach out to @Dave Foster if anyone knows he would.

Creative financing options like seller financing and partnerships can help build a successful portfolio.Good luck!