The market won't bear the price you paid as you nearly always paid far too much.3.

Account 2: Transfer taxes into this account (interest bearing savings)Account 3: CapEx/Repairs account (interest bearing)Account 4: Net Profit goes into this account.

Local law dictates; in TN it is supposed to be held in escrow and no one would ever pick an interest-bearing account as that interest belongs to the tenant as I understand it. 

Note: This was just 1-2 months before signing RTR contract and prices didn't fluctuate a single $ and was as promised (was assured they will bear any unpredictable price hikes which they did) .

Bear in mind that this route still costs you time to learn and time to implement, identical to the first route.Depending on your feelings to the above routes, the final major route you can take is to invest in major REITs that invest in multifamily.

Interior demo can usually pass without permits so as long as you don't touch any load bearing walls, structural columns, beams, shear walls, etc. but it's a case by case basis. 

You can ask me all day what a property's value is, but its really what the market will bear... 

For those who are thinking about getting line of credit from conventional bank (like Wellsfargo), here are the things they told me.Good things firstThey will bear the costs of closing.

Some states require it to be in an interest bearing account, so check your state law.If you try to co-mingle your personal checking account with your business transactions, you are asking for problems down the road.  

If you're building nee price per square ft has some bearing, fixing up existing structures is strictly based on the scope of work.