., pier sizes may have to be larger, or they may have to be more piers to accommodate the heavier weight of the foundation); the slab would require structural supports or grade beams or a combination of the two.

But, nothing that's worth its weight in gold is easy to accomplish.Below, is a blog that expands on this conversation and from which you will gather additional thoughts in your quest to be successful at REI.https://www.biggerpockets.com/renewsblog/2008/5/12...Good luck and best wishes on your REI journey!

Capital is not a concern, and the $120k downpayment would be diversification to an overall portfolio heavily weighted in the stock market. 

It may take you a while to find a balance, but a good wholesaler is worth their weight in gold (literally).  

Ask any investor or rehabber- That team of professionals in itself is worth its weight in gold.

"Attend your local REIA clubConnect with a decent local real estate investor agentBuild a decent real estate investing teamCory podcast regarding multifamily house hackingStudy Brandon Turner threads regarding house hacking My suggest would be ( 90 day plan ) :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~-> 1st month review Askbp podcast at least twice( located under the " learn " tab )attend your local REIA club meetingssteady paying down your debt-> 2nd monthreview all weekly Podcasts at least once( located under the " learn " tab )attend local REIA club meetingsStart building your investing real estate teamDetermine your local areas for potential investingenjoy the holidayssteady paying down your debt-> 3rd month slow up on attending your local REIA club meetingsremove dead weight from your real estate investing teamStart taking actionenjoy the holidayssteady paying down your debt-> 4th through 12th monthsKeep taking actionSteady improve your real estate investing teamsteady paying down your debt

But with a month till poverty or giving up my savings, this condo feels like dead weight. 

But with a month till poverty or giving up my savings, this condo feels like dead weight. 

If you give each possibility equal weight, you can see that there's a 67% possibility that this project is not worthwhile.

The project will not be sold after the build, so that is another issue, after the build, all he will have is 35-40% equity, no stable income to support the loan except for the rent generated from the other doors, I am not sure if the equity will hold some weight when applying for conventional mortgage.