Being conservative, renovating a multi-family property can become overwhelming since you have multiples of everything!

Unless your in a market like the Bay area were you pay 1.5 mil for the lot and build a nice spec for 200 a foot say 3k feet for 600k  and have 2.1 in it and sell for 2.9  which is common the 15% of project cost work.but if your in a market were lot is 100k   build is 200k and end product say is 350k.. and you pay 30k to the builder that is far to much by double.we hire for flat fee if we are financing the whole job and they are simply acting as GC and have no monetary involvement.  10 to 15k a door. is what we pay.. and if we are so inclined there can be a bonus if we do real well.hope that helps.. careful to tag your jobs to % of gross construction costs you may not like were you end up.

Found me multiple tenets in no time.

I know there are many variables and specifics involved but should I expect the dues to go back down to a lower level once the reserves are met.

I believe that the reason is that this borrower is delinquent on multiple multimillion dollar deals, and the Borrower is using this as leverage to wiggle out of interest payments."

Will hopefully contribute to both organizations as I become more involved.

Prefer a smaller firm where I can deal with the same person instead of multiple partners, and get closings scheduled fast.Thanks for any suggestions!

If you want to participate in passive income streams thru larger MF, you can also get involved in partnering w/experience players that are 100% focused on acquiring, re-positioning and eventually selling larger apartment communities.  

I suppose it's more involved with Muti unit properties though.

Listen to the podcasts, get involved in discussions of interest to you.