I would like to pull out equity from the homes to build either a house on each or an ADU (they are zoned multi-family) depending what makes the most sense on returns and what is feasible.

If that makes sense. 

The appraisal was the longest hold up but the junior loan officer we were assigned seems to have zero idea what he is doing and zero sense of urgency...

Since your goal is getting into commercial real estate, it might make sense to start with a smaller rental property like a duplex to get experience managing an investment.

All brokers and lenders get paid for their work so 0 origination means they are increasing the rate instead of being paid at closing which doesn't usually make sense as far as the total cost of the loan. 

(if this makes no sense to you, research the 80's)Yes, fundamentals apply like compounding returns, proper use of leverage, appreciating assets etc etc, but the specific's of the how-to's, the "plays" one runs, how you play the game, it's a different game than '19'. 

Quote from @Christopher Morris: Quote from @James Hamling: @Christopher Morris I get the sense that your falling into the all-too common fallacy of absolutes. 

. :)Yes, that does all make sense.

Might make sense to pay the taxes and invest in something overseas...$.02

Hey everyone!
 
I’ve been diving into real estate and learning every step of the way. It’s not always easy, but each challenge has taught me something new. From analyzing deals to exploring creative financing, I’m rea...