There are a lot of the old units that are built to last unlike the crap they sell today.

Hoping someone can point me in the right direction.I have a spanking deal on a gut rehab job where with ~300K in I can buy and reno a 10 unit apartment unit in a B/C class neighborhood.

I know it's hard to cash flow today, especially in the A neighborhoods, but would like to hear what you think.Thanks ground up. you can get a plot of land right now and put 60 units on, I can entitle land with that amount of money and 3x the value through entitlements and sell it shovel ready or bring it as equity so much value. condo entitlement or multifamily is what I'd recommend in miami 

I have 20 years of experience with selling multi-family property with 5 plus units and more. 

What can we do, I am currently in a contract with this property, it is originally a single-family home and the owner added (3) 1 bed 1bath units at the back (without securing permits).

How many units are there in total?

We are purchasing a 6 unit Apartment building in a small central Texas town. 

Do you need to restretch it when the unit is occupied and did she know you were going to do it? 

I understand that I should have a separate bank account from my personal checking/savings, but based on my research, this first deal won't necessarily provide cashflow with me living in one of the units (it will when I move out).

I've done both a HELOC and a cash out refinance on my current house to buy my 9 units and it may not be the most efficient way to purchase but it has allowed me to own 2.5 million in real estate and have 500k in equity that will grow at 3% or $75k a year with normal inflation.