I was planning on focusing on small multifamily properties (duplexes, triplexes, and quadplexes), but I'd be interested in hearing people's' thoughts on the best investment type for the area.Thank you for your time.

We finance these types of deals, so from our perspective, make sure you're getting a partner...even if they are a GC...that has done similar projects before.

Net after fees and expenses 40k What made you interested in investing in this type of deal?

To do so, you'll have several different types of tax consequences to consider: property, income, gift, etc.There are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

I think a short-term fix-and-flip loan would serve you better because, first, the credit requirements are typically lower than a DSCR loan's credit requirements, and fix-and-flip loans will fund a portion of the purchase price as well as some or all of the rehab costs (usually through the draw process).Right now, saving your cash, rebuilding your credit, and finding both a partner (ideally with a higher credit score AND experience) and lender you're comfortable with should be your priorities.

➡️ What type of existing flat roof material is in place?

@Stefan Hein, can you be a little bit more specific on the type of deals and strategy you're looking to take? 

Loan rate/terms get complex once you hit that 5+ unit property, so you'll ideally want to work with someone who can help on both sides of your plan.I'd also consider MTR as an option for a $70K property.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?