Property is located at a wonderful highly traffic location. 18k cars a day and will only be increasing. 5 of the 13 acres is zoned commercial, the back 8 acres is zoned large lot residential.

Quote from @Alec Jacobs: I am wrapping up a lot of the rehab of my first rental property and I was wondering how a basement of a rental should look like?

I will be purchasing the properties in cash, likely from mortgage or tax deed/lien auction.

Depending on where you are, you might have a different target renter than I do.I have a couple properties we are looking to develop on, I'll send you a PM

Focus on cash flow and value-add properties, such as fixer-uppers or renovations, and expand into multifamily properties for better cash flow.

We've ran into an issue where if we take a tenant over from a previous management company or a tenant the owner had put in place we don't have any "applications".

Quote from @Herrison Sitorus: Hi all,Recently got involved managing a rent stabilized property.

These loans often have flexible terms, can be held in an LLC, and can cover multi-unit properties.

.: Quote from @John Underwood: I have never had any problems with noise or smoking inside.I have higher end properties and higher end guests.So John - you are saying just don’t get them if it’s a higher end property?

@Timothy Blackman- thanks  ...get some referrals for lenders from friends / co workers ...contact them all on the same day with the same criteria and ask them any questions you have and  ask for some scenarios ...compare the  feedback and service they provide ...pick one lender to get pre approved with ,,once you have a property - contact all lenders again for pricing options for the actual loan you will need ...hopefully the lender you chose for pre approval will be competitive in their pricing ..good luck