Andrea,, I would suggest you find a very good HML and let them place your first deals.. your knowledge base based on your questions dictates you should have some mentoring first then try your own.

Size of the house will dictate construction time.

The market dictates everything, including the rehab...but especially it decides, before you start lookingat properties, what market to invest in...or more important, which markets to NOT invest in.Once you find the right market(s), then you need to find the micromarkets within that market...and there are usually many.

Either of you could will your half to whoever you want, but if the deceased didn't have a will, state law dictates who inherits their half, either the remaining spouse or other heirs.Community property doesn't automatically become the remaining spouse's property when one passes away.Maybe Google Community Property in New Mexico for more info.Cheers!

They will have a formula or zoning codes that will dictate how many apartments can be on the property without a variance.

I also want to be able to decide when I want to go to work instead of being dictated when I should go to work. 

If someone builds a new multi-unit building that costs X amount and the town in which it is built dictates the rental income for the structure is X - Y then how would someone get approved for the construction loan in the first place?

Hello fellow members,I'm ready to do the jump, but I'm curious to know where I can find the better deals for multi unit buildings 5+The price range (dictated by my down payment affordability) is between 200K and 250K at the momentThe cities I'm considering are Indianapolis, Cincinnati, Kansas City and Chicago.

I'm being conservative by assuming minimal depreciation (1-2%) in a neighborhood that is desirable today in a great school district that is walkable to shopping center with a supermarket, restaurants.Current income dictates that an appropriate out of pocket cost for next house should less than $3K per month.Possible solutions:Take out second mortgage/HELOC to get the $100K I need to buy the next house?

You should have a clause in your Purchase Agreement that will dictate when and how EM is distributed.