Purchase price: $325,000 Cash invested: $65,000 Purchased a duplex with the intention of assembling the land next door to eventually develop.

It has to fit in the big picture of your operation.Bottom line: useful information for general education and assembling a list of questions to ask your CPA.

These are all 1-bedroom, 1 bath efficiency apartments.Question for Cabinets:I am looking at RTA cabinets as these are easy to assemble. 

Would love to start conversations and assembling a team that can help me with acquisition and management a multifamily property in south Florida.

@Omri Biderman   Have you already purchased the properties or are you assembling a team?

My first STR I tried to save money by buying things used and realized my time was worth more than the savings, so for the last few units I have brought online I have found the best, easy to assemble hang for your buck furnishings.

You'd be very smart to start assembling your 203k Team, which will consist of the REALTOR, lender, 203k Consultant, and contractor.REALTOR needs to not be afraid of the 203k and excited to use it.

@Alex Bradley there has been several things3 i made offers on , but they declined2 were upside down to the point that short sale was the only option. i got those two back to back so i hadn't assembled a team to handle those yet.

You can still conduct high-quality due diligence by signing up for remote property tours, checking comparable rent prices, running numbers on a few listed properties, or even by looking into local age, education and crime statistics.Then, assemble a local team of real estate brokers, attorneys, and property managers so that you have some boots on the ground.

In my opinion, assemble a team on the ground of reliable and tested professionals who can assess those things (i.e GCs, inspectors, appraisers, experienced flippers) and put eyes on everything yourself.