There's no difference in a local flipping a house than flipping the small mixed-use building that is vacant in town into a couple commercial units and some apartments above. 

Getting into these properties as a non occupant coborrower (all the money invested to get in was mine) was a less cash heavy way to get into the properties versus as an investor.I already have great equity in these properties and prices continue to up.Sounds like, so far, the consensus is to sell the properties and roll the money into other non-condo units.

I purchased a rental unit and did some private funding in 2016, and I will probably expand this business by doing more deals.

I self manage, have a cleaner but I also sometimes turn the unit myself.

Make it a gas unit, not wood.That might make it more interesting.

Asking price is $998,0002 duplex units on 1 acre in good location.It's been on the market for a while, so I believe we could offer slightly above $900,000 and be considered.I would increase the rent after updating each unit.

The offering would be at 490 units at $1000 unit which allows 49% to be sold to have the preceding benefits to remain in place.

However, I do have a lender that can conduct an entity transfer with a commercial loan from 2 units and up.

Quote from @Michael Lam: Hi All, I'm an out of state investor looking to start a rental portfolio in the Cleveland area for small multi families (2-8 units).

Both flat and percentage base charge usually a 1 month fee to lease out the unit.