You think this is totally impossibe?

I’ve never seen the step by step process first hand (obviously) and I know just doing it is the best way to learn but I don’t have the knowledge to get myself out of a sticky situation if things didn’t go right for me.

So, I have a total investment of $15000 in my hand.

This is also my first deal so I'm trying to get over my fear of investing by going big like this.As far as rents this one I'm purchasing was 158,500$ total, with each side of the duplex renting out for 750.

You are new to the market and have zero reviews to go off of, so if I'm shopping for an STR in your area, i'm obviously going to go with the less expensive homes, with nicer furnishings and reviews to judge against.  

However, as an owner-occupied refi construction loan, I can have 1-4 units ( which I think is totally backwards!) 

33 Unit - Asking $4350000 - ( I believe I can offer $4120000)Building is %100 occupied Current Rental Income -   $400380Total Additional income  $20698ExpensesReal Estate Taxes $66,695Insurance $8,407Trash $3,534 Electric $2,375 Alarm Monitoring $666 Gas $18,749 Pest Control $1,135Water/Sewer $24,051 Landscape/Snow Removal/Cleaning $12,168Management $34,439  Repairs/Maintenance $16,000Cap EX $20019                        TOTAL EXPENSES $208235NET OPERATING INCOME: $212843Dept service  $195600There is a big rental upsideCurrently the average rent is 1042 per unitComps tell me that if I fix up units @$8000 per unit - I will be able to get $1300 average on a unit.Once all units are done over the building should be able to fetch $6m after 36-48 months 

And obviously they are in the situation where they need to sell .  

On a typical house, I'll put in between 20-40 hours of total time. 

My clients, the buyers, backed out on the spot since they didn't want to get involved in a deal which began with obvious subterfuge.