Like you said it is hard to imagine a lender not noticing multiple owner occupant loans.

Unfortunately these projects often features the homes jammed up on the property lines with a complete obliteration of existing trees/landscaping features to make rooms for a monster house so it doesn't necessarily serve to 'upgrade' the neighborhood in many cases other than increased comps.In other areas I've seen a builder slowly accrue multiple lots of and develop them in a more tasteful manner with new construction that is architecturally consistent with the other new homes they've built adjacent and allowing for proper landscaping.I try to do everything I can to avoid complete teardown and rebuild, if I can utilize the existing foundation and utilities it is a huge cost savings both in construction and in paperwork and permiting.

I have been through multiple property managers to find the right fit for me.My quick calculation is that you have the potential to make a 40% cash on cash return.Great job.

If your goal is the former, you'll want to go to a really nice cash flow market vs. one that won't cash flow but should appreciate nicely (i.e. up and coming market).All that being said...why not diversify yourself across multiple markets?

My goal is to start networking and taking the steps I need to in order for me reach my goal of owning multiple high rise buildings as well as a few smaller multi unit properties.

My plan is to check with multiple lenders to see which would give the best rate .

We are going to try to make it to multiple REI groups and hope to see you there as well.How is the "potential deal" coming along?

The best thing about a mastermind group is you have multiple people working on one problem or challenge for one person.

Also - legally, in NYS you cannot bill for water on multiple apartments if there is only one water meter.

Bumped up my purchase price by multiples..I forgot about not having income..