ABSOLUTELYmore you partner with someone who helps you with experience and knowledge on one or two flips to get you experience and use their leverage to help you.

Combine that with appreciation and it could be a viable option.I also know of two different multi family properties right near the heart of Kailua Kona that are on the market as well.

Built and installed the cabinets, trim work, sanding the stairs, drywall repair/patches, demo, pressure washing, installing new doors, fixtures, etc..

But because two investors own the majority of the units in this complex, they keep the condo fees at $150/month (about half the area average).

Another very dumb regulation is if someone switch jobs internally inside company, these circumstances makes them as they have no W2 as lender wants last two years with stable position.So again, here Credit union lender can give conventional rate that's very enticing by giving exception.

@Billy Farley we manage almost 700 doors in Metro Detroit, about 300 in City of Detroit, almost 100 S8 leases.So, PM us if you'd like to chat about S8:)

I realize options may be limited here in the Phoenix area (only two I know of in Phoenix & Chandler with storefront units), but if anyone could point me in the right direction (on either (1) what to search for, or (2) any existing properties to look at), it would be much appreciated!

Have the manager or maintenance or whoever is assigned to open the doors for you to call out loudly management company before proceeding in.

The next steps will involve accurate construction cost estimates by a licensed contractor (or two) and connecting with a lender (possibly current local bank) for construction financing.

I've already spoken with a property manager and agents, but I'd like to hear firsthand experiences from other new investors in the Fort Wayne market, especially within the first year or two of their initial investment.