Furthermore, I would avoid doing any transaction that resembles a wholesale if I were that attorney.

This one is for those who fix and flip homes in Massachusetts or states that closely resemble MA in terms of temperature/climate.When fixing a property that has radiator heating and AC window units, do you guys always budget for a brad new HVAC system to be put in place?

When I finally got them they bore no resemblance income wise, or expense wise to last years return; prior years income was MUCH less and expenses MUCH higher.  

Renovations suggested: $26,000.Based on purchase price and previous condition I believe this home most resembles 12628 N Rosewood (purchased by an investor through HUD) and 11454 N 42nd Dr.

As I'm not a "pro" I apparently have to pay to post anything resembling a meet up.Check the Facebook Group (where I won't be censored)https://www.facebook.com/SiouxFallsREIC

Those areas resemble the Arizona HOAs & urban sprawl, but with a lot of trees, and venturing out from there a little you can find those properties that interest you.  

So it may not be available.But if you take little manageable steps until you've got a safety cushion of a few months, and no consumer credit at all, and a paid for primary residence (I admit it I do bear a resemblance to another Dave..) then you can feel absolutely comfortable going all in and leveraging to your hearts content (it's only a passing resemblance to that other Dave).  

We are just paying down the HELOC using our W-2 income and keeping the cash available so we have the option of using it as a down on a larger project if it comes up.Are you describing the seasoning period as the time HELOC funds sit in a bank account to resemble the rest of your cash assets or the time you own the property before a lender will refi based on your appraised ARV?

If you can cash flow 200/door on a 3-family but cash flow 225/door on an 8 family does it make sense if you take into account all the associated variables and factors resembling risk?

I'd love for them to keep doing what they've been doing or at least build an all-suites hotel that resembles their short-term rental homes... because simply pitching as a first-time hotel operator isn't going to be easy.