When the six is completed and performing, we will start pulling apart the 12 ... it is built in the classic H-block fashion of its day, so we could pull apart 1-side of the building at a time.I would start with bringing an inspector or contractor through and, based on the findings, you may want to bring in an engineer (structural), electrician, HVAC, plumber, etc to get a full idea of what you are about to digest.Congratulations, sounds like an exciting adventure ahead.

What things can i be working on today specifically...my mind is always on the business so what are some of the i can always be working on always to explode my upcoming business...thanks ahead family

We have nothing to lose at this point so we're full steam ahead.

We decided to go ahead and create an LLC, but were told by our lawyer that after closing on the the property we wouldn't be able to move it over to the LLC until the title is filed and that takes time.  

Yes Nauru was and is way ahead of its time for that area.WE enjoy it very much.. we walk over to the park in the morningMatt R.  

As for a mentor, yeah if you can find one go ahead that would be great!

This is my first rental and I am probably just overly worried.Seems like screening plays a big role in renting out a place and I will make sure I don't get ahead of myself and rent it out to someone that doesn't fit the qualifications just because I want to start collecting rent when in the long run that may come back to bite me.

You will want to make sure you have extra funds on hand past what your budget calls for because you will likely run into things you could not see before rehab starts, especially if the home is an early build (pre 1940's 50's).Have the cash (with a budget and a plan) since you built your profit into the deal at purchase, stick to the plan/budget.Have extra cashThink ahead - your end point of listing the property with an agent, start to set all that up before you finish so you can put a sign in the yard the day you walk out for the last time plus gather other info - appraisal etc etc.

Before/after pics are always interesting if you go ahead with it.

It sounds like when the Condo 2 hits near the 18 month mark, I'll go ahead and try to pull a HELOC.