I bought one courthouse step deal in Philly and that was quite the ride.. its a locals market for SURE..

He recently had a death in the family and is irritated that I won't give him time for to deal with that, but this has been a problem for long before the death and now he won't return my texts or answer my phone calls. 

@Dan Kiely EaDo might be a good place to see if you can find a good deal. 

What do you think about this deal?

Once we have it set for rental, we plan to What made you interested in investing in this type of deal?

You're situation could be far different, for me I am looking at higher construction costs than you have (most likely) and deals in the area I can put 20% down on as opposed to using the money for another unit. 

TLDR:  "Great Deal" was a money pit ... an absolute nightmare. 

Relationships are invaluable, and, while you can build them from scratch, there's going to be a huge learning curve and likely some expensive lessons.If you're looking to do BRRRR deals you will have the most success paying cash, doing some light renovation, and then refinancing once done.

I live in Miami and do deals in only Miami dade and Broward. have done hundreds of transactions down here and currently working on 14 projects from fix and flips to new builds and some land entitlement projects  look us up on IG @ Prophunters_

However, short of my stock portfolio, which I don’t want to touch as it does well too, I don’t have the cash to buy my first deal.