Purchase price: $1,435,000 Cash invested: $3,010,600 Sale price: $8,400,000 We identified multiple lots around the light rail system in WA, where we felt that properties are going toincrease in value significantly, these lots were re-zoned from SFH to multi-family (MUR35mostly), we have developed, permitted and starting to build: 8849 Midvale Ave N, Seattle – Two combined lots, zoned for multifamily where we built 12 townhomes 23007 55th Ave W, Mountlake Terrace – 7 townhouses in a walking distance from thelight rail station, in planning stages with the city of Mountlake Terrace, WA

Some lenders might offer more favorable terms if the property is part of an affordable housing program.By combining grants, specialized loans, and local programs, you can reduce your out-of-pocket expenses for renovations and improvements while supporting affordable housing in your community.

the only ones that make this work are LAWYERS and PRIVATE Detective type companies .. the only ONE"S making money on this are these guys just dusting off OLD material joining the modern SM craze to suck in newbies that think they found some new system  LOL.. 

Probably just see a combination of solutions as we add more and more people....Dallas/DFW we're adding about 50,000 people a month last I heard.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Gutted out the entire inside and remodeled to ‘cottage modern’ style.

You would need to use a DSCR loan if you plan to combine with LLC ownership or if income/DTI is a problem in qualifying. 

I do feel like you're trying to sell me something with all the refreshes and updates and modern whatnot.

Pacific Modern Homes is a great example - we built one of their kits in the 1990's and it was beautiful/ really minimized labor and scrap onsite.

This allows you to meet the material participation requirements based on your combined activities across all the grouped properties.But yes, RE Pros still have to spend over 750 hours in real estate activities during the year (and more time doing this than anything else) to be considered material.