Build a portfolio, get tax write offs, learn to buy "off market" and find great deals?

We just closed our second deal in the past 30 days, and for me, my portfolio or success, would not have been possible without an amazing partner.The reason for my post is that I've learned that real estate, especially multifamily, is a team sport.

What would be your renovation cost for a full gut on this deal? 

I’ve heard horror stories of people who have to tear apart their house because of work that wasn’t permitted.I’m wanting to buy another home and rent this out as a duplex but I’m worried that if I apply for a rental license or anything that’s dealing with the city, they might find something that’s not permitted and we’ll be stuck with a hefty bill.

It's not for me, but I can understand why some investors love it.Investors have been over paying for deals for years in Austin, especially the older vintages.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

Once you take down deals successfully utilizing your friends and family network as investors you will have  a track record and can use that success to propel yourself into new capital relationships, some even by referral if you do good by your initial investors. 

I am currently dealing with headache after headache with the single-family lender who cannot even articulate the reasons why they are enacting their flawed policies meanwhile it’s smooth sailing with the lender for the larger parcel directly next door where the loan is 20x the size.

. 😀  Thanks It is much easier to talk about deals when you are actually having/doing deals.

Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc.