If I am unable to secure financing I will probably still clear the land and live in a park model for the time being until I can eventually raise more capital.

After different turnover, I’d like to do the same to the following units to raise the cashflow situation and commercially refi the property.

Almost have to just start muscling through the first deal to learn.

When you have landlords who have a property that they don’t pay any attention to and god forbid, have property managers in place who aren’t doing their job and raising rents to keep up with the market, there’s a simple value-add opportunity.

Hi @Nicholas, @Patrick raises a good point about owner financing.

I know that when using an agent to buy a property off the MLS in Houston, the sale price gets sent HCAD and it is used to significantly raise the properties assessed value.

Hi @Lara WhiteYes, I am from Alabama, born and raised.

But if they haven't been reporting it then doing a 1031 could certainly raise all kinds of flags to the illegal activity. 

I would suggest reading Matt Faircloth's book called "Raising Private Capital" - that will give you a great overview of raising funds.  

I just don't know if it is worth it.Is it likely I will recoup any investment to address some of the fundamental issues (raise sagging floors in the lower unit plus addressing issues that will cause in the upper unit when the walls raise 1-2", replace galvanized piping, re-do the poorly done roof) when we look to sell in 10-15 years?