It’d be a good idea to talk to a few builders to get a better idea of costs per square foot.

I'm planning on holding for the next 30 years until I retire. 

Hello, I am a new investor, however I owe a construction company and have an idea of what my project will entail. 

I am now summarizing the key points for managing rental properties to build my systems before launch ( I am strongly considering Rent-Redi software) but I am wondering how I would use this software for client's properties when collecting rent, holding deposits and the like.

Also, I'm no kid so the idea of house hacking is out.

I would think that the bank is still going to hold me responsible for the mortgage and that the mortgage would still count against my debt to income ratio, making it more difficult to get another house. 

The same goes if they're requiring the seller to hold a note. 

I would love to talk further about idea/pros/cons etc. when we both are available.

Investment Info:Large multi-family (5+ units) buy & hold investment.

They find and fix the deals and we sign the checks.The idea was amazing for people whose time is completely eaten up by our employers, looking for a way to create retirement with rental income.However, that is not at all what he did.In reality, he found the crappiest oldest homes ( more like death traps), that no other knowledgeable investor would touch, and upsold them to us for $20-50K more than they were worth, lied about the numbers, and charged us for repairs he never did.