If you dont need the leases it can be nice because as soon as you get near completion on your rehabbing you can get your disclosures out, esigned, start your appraisal asap, and get the process moving quickly versus waiting around for tenants, lease ups, and all units to be rented.Best of Luck ~

He made a nice fee (more than Brad and Rod's combined).

Purchased from 1 developer and sold to another. 

There's lots of opportunities in developing neighborhoods, but also seems a bit saturated at the moment.Also, definitely budget security (remote control cameras, alarm system, etc.) for your properties, as there are a lot of people who occupy themselves by breaking into houses and stealing anything they can sell.Lastly, there are a ton of contractors looking for a quick buck.

Great finds and nice to have multiple homes on the same street! 

First hand it's doable but you need to develop a trustworthy team. 

I've seen small multi-families (2-4 units) appreciate very nicely in the Lewiston/Auburn area.

Building a single small unit is the most expensive residential development..Here is a list of why adding a single ADU in dingle family zoned areas in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

Building small units in small counts is expensive development.  

Right now, I am an aspiring real estate agent specializing in investment properties while also in the process of developing an app!