Building trust is part of your marketing and branding, so that when you do pitch someone a project, they will be more receptive to hearing it.

That said here's what our numbers look like, we think we're being conservative on the costs:Age of House: 1987Offer: 100kARV: 160KRent: 1350/monthRepairs: 35K (worst case - expecting less - hard to say since this is our first go around)master bath needs fixed, guest bath just needs a good clean, flooring in the entire house needs replaced (guessed 10k alone for that), fresh coat of paint, tree trimming/removal as they're very close to the houseAppliances - original but seemingly alright shape, original hot water tank (OLD)the good: brand new roof, brand new AC unitWhen we did the numbers we worked in possibility of having a management company (10% of our rent), maintenance costs + vacancies (about 12% of our rent), with 20% down the numbers come out to be around 300 cash flow. 

What was your vinyl brand?

It's the above complexity times 10. if you treat the entire building as one item, you have to spread everything over a long period of time, and nothing can be deducted right awayyou can separate some components (for example, carpets, appliances, fences, driveways) and either depreciate them faster or even deduct them right awaywhen you repair, replace or improve something (like HVAC), you have to understand extremely complex rules known as Tangible Property Regulations, so complex that even us tax professionals specializing in real estate do not always agree on specificssome rules are specific to the type of property, for example they only apply to non-residential property or only to brand new propertyand there is a whole lot more than thatSo basically, everyone can understand the general concepts, such as the difference between virus and bacteria.

None have great credit, 2/3 are unemployed but getting UE and 1 is brand new at his job.

My name is Evan Ross and I am brand new to this online community and real estate investing.

My question is: would it be a better idea to buy the land and build a brand new multi family property or buy an old one in need of a full gut/rehab for cheap and fix it up?

I'm brand new to real estate investing and looking forward to diving in.

I called my local locksmith and he happens to be an authorized reseller of that brand.

The price varies from brand to brand.