Hi Simon,Scaling from single-family to multifamily is a solid move, and a 10-15 unit building is a great next step.

And folks that need to do that dont have the capacity to deal with a loan that has been called and a seller that is madder than a wet hornet if you goof up their credit.Then the other major issue glossed over by everyone is there is a minute amount of sellers that will even entertain these transactions and most of the time your paying a premium for the asset.

That makes a real difference.Initially we had one originator, one part-time processor, and a part-time admin assistant. 

Hello Mike, Syracuse and surrounding area is benefitting from an influx of tech companies and a huge chip manufacturing company, Micron, which is building a $100 billion fab over the next 20 years. 

Flips themselves are hard to come by and as you said its a job not an investment. 

A few days before the sale the frame farm house was burnt to the ground and all that was left was the standing brick chimney and a lage pile of ashes. 

I carry the standard home owner insurance and a separate $1M liability policy. 

The investors that I work with find this much less risky and a much faster way to get to ROI. 

The fear of renting while out of town is common, but it's easy to overcome, especially when you have friends and a handyman.

I have 10 years of experience in retail real estate and a couple of partners who are interested in investing with me.