I'm exploring ways to access equity without selling.

You provide a copy to the tenant.Are you a licensed PM?

mario,  correct on the math.Now for sure you need to rehab it.

Marketing and home improvement activities may count as well, provided they are directly tied to property operations.2.Time Spent by OthersThis ties back to keeping a logbook.

Lunch or dinner on me.   

Borrowers: what they say……..what they mean1.

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

How is the market and opportunities this time.and if anyone can refer me a good property management in the area.

Yep, then you will probably need to move the cash.  

I am about to leave for the Army for the airborne and my wife is about to get her real estate license.