I would rather pay potential taxes at some future date than lose a loan at 3%.

I would pull up outdated properties on the market, and walk the properties with the contractor to get bids on what to do..

With Other Investors How did you add value to the deal?

All North DFW has the highest appreciation while South DFW will be giving you the better cash flow.If this is your first rodeo, then I would suggest to be close home if you are also planning to self-manage.Then the age of the properties and access to highways.

New construction has a very different risk profile from buying existing properties and fixing them up. 

I’m not sure they said it would be a crime to “forget” to tell them I had moved out.

Usually around 25-35 people who consistently show up.

I'm going to need a few more details.

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

Many thanks for any insights & guidance.TimThe only up front fees you should have are an appraisal and credit report.