I personally won't invest in DC and the reason is that there is NO landlord rights here. yet if you want to play appreciation, this maybe the place since waterfront southwest is a huge hit.For MD, it is called landlord friendly here in BP yet this is a state that produces professional renters, who rents and knows ways how to pay no rents.

(Mods, I debated putting this into the commercial forum, but decided on here because I’m looking for innovative strategies to get into it.

I'm a total newbie when it comes to real estate and my ultimate goal is producing cash flow through buy and hold means.

After that, if I were you, I'd test it ASAP and forget the runaround - if you plan on renting or selling later, you'll need to prove that the house was abated or whatever from all LBP.Yes our FHA 203k did reimburse the cost of LBP abatement - somewhere along the way Sage Acquisitions changed its mind on the number by $500 though, even though they're the ones that produced and signed the document. 

Is ARV on a multifamily home based solely on its ability to produce rental income?

My challenge has been finding areas that will support small scale new construction cost, while producing a good return. 

If I was younger and starting over in this business I would try and become a buyers agent on a very high producing team in your local area.

We have been getting offers from the bigger builders IE Lennar and a few large regionals and this would produce a nice profit now..

Average home price in Bellingham is in the mid 400s, and the homes at these prices go very quickly.The owner might be willing to consider owner financing, but I currently have available no money for a down payment (tied up in 3 other properties right now)So, who has innovative recommendations for how to get into this? 

My moving back home stratigy was to try to reinvest the property into an incoming producing property to help him retire.