They came in a 6.375%, no loan origination fee, etc. and said I can refinance at anytime with no prepayment penalties, seems almost too good to be true.

Hi Timmy, I recently interacted with the City's Planning staff about a listing that had an existing structure that seemed to at least have potential for an ADU.

It may seem like trading debt for debt. 

In the midwest, it seems like properties are generally more CF than appreciation.

So far, they seem professional, but I always like to get opinions.Thanks!

I'm located in the Grand Rapids, Michigan area and am open to properties basically anywhere in southern Michigan (anything south of Muskegon from Lake Michigan to Lake Huron is fair game imo.)I now have a fairly large nest egg of cash beyond all of my other investments (stocks, bonds, treasuries, crypto) and I want to turn that cash into a real estate investment or investments and I think my deep background in tech, systems, and marketing should be able to help me substantially.It seems to me like BRRRR on multifamily units makes the most sense, but I'm open to suggestions.I'm basically retired at this point as the only work I do each week is 3-4 hours of consulting for larger tech companies and I'm on a couple advisory boards.What are the best first steps in building a team and creating the systems necessary to start making deals?

I am considering starting with Staten Island and Long Island, as they seem to have relatively lower barriers to entry in terms of pricing.

Seems like most of the attorney has their own way of doing things.Drew Sygit, progress is slow, because to do major renovations, you need permits. 

I've spoken with a few lenders about getting a construction loan for two lots we'd like to put investment properties on but I can't seem to find a lender that will do it.

There are so many software options and most seem pretty automated.