Consider this is a "soft cost" you need to budget for the time you buy a property with tenants in place.

Topeka has some nice DT blocks but for some reason in the short time I've been there it seems completely dead after 4pm or so.We are near 29th/Gage backing up to the Shunga park - so if I clear out some of the brush on the back property line we'd have better views, but thats what I could offer...that and the pet turkeys that seem to roam around all the time...ha.Email me or message me here and we can exchange cell #'s - have done so with a couple of you already.

They told me that it was only a 'soft inquiry', so it wouldn't matter.

That said, what is better than bonding over a tile floor or with a paint brush?

Just lay it on your chaulk line and spray it black with those special cans you use upside down or you can use a paint brush.Use an artists brush and a straight edge to hand paint the parts you can't get to with the "big" jig.I use screws or crown staples and double up around all edges.I have done 5 of my own houses and one for a friend.

Feather the nest but, don't make it to soft for renters. 

Work on getting the soft commitments, understanding the investor requirements and/or underwriting will make things run smoother when it's actually time to present your deal.  

hard money, soft money ,  JVs , it's all in how you define it. 

I know the market is a bit soft right now, but are you still optimistic about the area?

Per zoning code)Can be done as a carry back for the land purchase and all cash for the guest house construction.Market value once complete = $600k (similar home lots are going for $700k+ so this is a conservative estimate)Apply for a cash out conventional bank loan.Use the cash out to build the main house.Main House = $200k (3+BR/2.5BA - approx. 1,800 s.f.)Live in the main house and rent out the guest house for cash flow to help out with the mortgage payments)Build some equity, savings, and give some time for possible appreciation.Build a second main house = $150k (3BR/2BA) 1,500 s.f.Sell off 1/3 acre with second main house on it = $550kOriginal investment = $360k + $75 k + $200k + $150 k = $785kSelling of second main house = $550kResults in 2/3 acre with a 3+BR/2.5BA main house plus a income property for only $235kI know this is all big picture stuff and is not including loan fees, RE fees, and other soft costs.The reason the construction prices are low is that I am a architect/builder who will self GC the projects.I am looking for any feedback on this deal and possible problems that I am missing.I have not done a deal this big before and am looking for some experienced advice.Thank you for your time.Locus