Begin by targeting distressed properties in gentrifying neighborhoods, securing financing through hard money lenders or private investors, and focusing on cost-effective renovations.

Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

Run your numbers based on youre required return given what youre likely to have to spend and the amount of headache, risk, and work you have to do.

If your time is worth $500 an hour I would spend the 5k on 10 hours of searching for a free mentor.

Don't spend the check until it clearsRegulators do not view investors as being altruistic.

There are many reasons why I haven't pursued the arbitrage model, but mainly that it takes too long for the ROI after investing all your time and effort into buying furniture and renting and paying utilities.Let's say you rent an apartment for $1500 and you spend $7000 to furnished it.

Explore Potential Funding OptionsPrivate Money Lenders (PMLs): Reach out to private individuals looking to invest in real estate.

Also, if you know the supervisor to speak to when you get an issue, this helps ;-)With private provider plan review, this is indeed an option, and the building department is required to reduce the permit fee.  

Also, I would love to hear from you privately about how things are going for you.

The spacious primary suite features a private full bath with double vanity, while the flexible layout provides options for bedrooms, an office, or hobby spaces.