Hello, I'm in northern MN, and looking into getting into investing, and am looking for some advice.I'm looking at a 4 plex locally with 4 2b 1ba units.Cost is $160k, but I think it's worth closer to $180k.Yearly Rent is $26,760.I would use my heloc for down payment so basically financing the whole thing.Love the locationHas 1 lifer(been there 7 years) the current owner has not raised rent on in a while and I probably wouldn't either.Taxes are $3000Tenants pay electricAverage local income is $35K with average house price is $138,582.Seems like even @ $165k I'd be doing pretty well.I'd self manage, and fix issues, but from what I can see, there are not any pressing CapX's needed.Not sure on cost of heat yet.Any other info needed?

I'm brand new to this business I'm about 45 days in to the business and just got my first deal accepted I'm going to flip it now my question is my brother has been remodeling bathrooms and kitchens laying tile basically anything that needs repairs he can do does anyone see how it can be a problem hiring him to do the work over finding contractors to do the work

He only provided basic information for his pre-approval BEFORE my listing ever hit the MLS or was under contract.

Having only done 2 transactions last year, I am a good example of 'basic' as it gets when it comes to fees.

This is a very basic example, but it should get the point across.

For some renting a "private room", they can use basically the entire house excluding my master bedroom.If you have 2 extra bedrooms you could make two totally separate listings - one for each room.

Been looking at du-plexes, tri-plexes, fourplexes, de-tached houses, casitas, basically anything we can hack.  

The 203k consultant will basically set a reasonable timeline for the repairs to be complete.

Basically, the day after we buy it with cash, we are putting a mortgage on it for 60k.

Empathize with Bill and the seller's position and suggest that if you can't get back the funds you at least want to help the seller's case in court, work out some sort of deal, talk about a master lease option, basically anything that does not involve the idea of litigation.