Always have a construction crew ready to go!

For me, my team consists of a realtor, property manager, handyman (for small repairs), plumber, electrician, lawn maintenance, flooring people and even a small construction outfit for those bigger jobs.  

Ful lRepair Optiona.Minimum of $5,000 in improvementsb.203k Consultant is requiredi.FHA Approved Single Family “construction manager” who oversees and inspects the rehabilitation work from start to finishc.Nearly any type of repairs is allowed (luxury items are not).

Based on my knowledge, the 2 foot encroachment House A has on House B's lot would need to be demolished and any new construction would need to be performed to current building code. 

Hi BP - I have an opportunity to convert a well-constructed property into a short-term rental on St.

I really like the idea of owning a multifamily building but after some quick research into construction costs, paying 300k for a 2 unit building is not worth the returns in my opinion.

I would only tackle it if you have some serious construction skills, such as you have your own construction company.  

New construction in 2017 and low maintenance. 1100 sq ft downtown but probably big enough for 1 kid coming soon.Our family is growing so we are considering everything - selling all and upgrading slightly, buying a slightly upgraded third and keeping the others and everything in between like: selling Home 1, renting Home 2, and buying a new home.We live in the RDU area which has seen great growth since we first bought Home 1 in 2015 for $7k down (FHA).

Additionally, some lenders do offer VA construction loans, but the renovations to the property can only be cosmetic (floors, cabinets, roof) and not structural (foundation, moving walls, building additions, etc).Good luck!

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