I then bought another SFR, a couple of duplexes, a 4-plex and invested as a partner in a 13 unit.

It always cracks me up when someone hands me a business card that says "President and CEO" and they don't realize how ridiculous that looks.

If you feel confident in the tenants signing those long term leases, this is a slam dunk and you'll have a cash cow on your hands very quickly!

No one is perfect though in RE if your doing volume your going to have a few that are bummers but at least in our program there is control.. not this feeling of helplessness when you hand your money over to a syndicate and they go dark your totally out of control of your funds..

You can wargame scenarios to decide what you think is best.On the other hand, that is a pretty sizeable rehab budget. 

I forget which one I bought for my rental a couple of years ago.  

I've taken a couple webinars but dont remember a whole lot. 

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

Either way, you have options which is great to have at 22 years old with equity in hand!

If so, I'd like to connect and get pricing for a couple of permits out here in FL.