All brokers, realtors, wholesalers, etc... you need to check this list before you call anyone!!!!

Its when all of the work is performed and you are literally prone to lose everything. 

Cash flow approximately 350 a month.Option 2: Use the cash to buy land to build a 6 bed 4 bath duplex, all in cost approximately 300k/330k. 

The problem with all calculators and spreadsheets is that it should never be used as a calculator.

I had homes built in Florida and it took almost a year once all approved.

The family has three kids, could you imagine taking all that to a laundromat!

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.

We would all love to have that note that has 5 years of perfect payments, 800+ credit score and a 20-25% down payment. 

Ok, so I see this might have been a design flaw in the original build so there isn't much you can do unless you rip it all out.You could have it all scoped and see what's what so you can get an idea of what you are dealing with.You could comp the guests a night.

@Kevin Connauton, I agree with you that although Pad Split is a great choice for getting the rooms filled, they don't cover all your bases in terms of property management.