I have done a lot of those with small builders.. that way we get our rate of return on our note and at exit we made a nice spiff some times double to triple how much we lent..

Doesn’t matter how you do it, but that’s gonna be the best way.Even if your income doubled you have run into DTI issues

It seems like your ROI is basically the same in each option, but you are taking on a much bigger project to convert a single family to a four-family.So basic calculations, since we don't have a full financial picture, i.e. what does financing of each look like?  

Though the property and surrounding areas look nice in the pictures, the doors and windows has bars which concern me.I am just starting our my RE investment journey and all help is greatly appreciated.

Making memories with family and friends for pictures and videos become what is most treasured as people get older and more life experience.

There should be an automatic double-lifetime BP ban for the offender, as well as anyone who responds to the thread—and maybe their entire family and all friends.

The deal seems to pencil, but the bigger picture stuff makes me nervous. 

You can also do a double close if the agent or the seller is against wholesaling.Double close is a process where you first close as a buyer and turn around and close as a seller, typically within 24 hours.I am in metro detroit too.

If I understand correctly, you're suggesting that we should focus on the big picture rather than getting caught up in minor details?.

We are in pre-development, and getting a clear picture of these initial soft costs has not been straightforward so I greatly appreciate the information.