You'll need banking connections to be involved in RE. and you'll make RE connections being the banker.

There are actually 2 units, a studio that will be setup like a hotel room (no kitchen, just mini fridge, microwave and coffee maker) and a 1 bedroom with full kitchen.

I felt pretty deflated after hearing that news about 4 weeks ago, I normally make rent of 1/10 of 1% of the project cost whenever there is something big.

I know prices will come down in a recession, but it’s the guys who are always active that make real money.

It's nice to tell a lender to stuff it but if you want to talk then lets talk, here's what we want, pass it on to the decision makers..

For most folks, though, that would not make real wealth.I also would say I do not consider my own residence an investment.

Craigslist is usually the money maker.  

We replant 300 tress an acre. with 3 and 1's  3 year in doors one year out...

If you know how to evaluate the deal maker he ran offer.

It's hard to find a decent place to rent for under $1000 most good area there.I personally would not burn 3 units for you and a manager to live in but let's say you do.13 units x$1250 x12 = 195k gross rent.with 50% rule your noi is: $97.5kAt an 8 cap that's $1.2 million.If you use all 16 units as rentals, the number is $1.5 million arv.Keep in mind your expense are probably going to be less than 50% the first few years if you've just rehabbed all of the units.Another consideration is that a ton of new units are being built around Atlanta right now so that might make rents softer in the next few years.