You ere happy your cpa made a massive mistake?

This simple step will set you apart from every other wholesaler in the market, and make your buyers list massive. 

There is a massive undersupply in housing caused by decades of under-building; Freddie Mac estimates the US has a shortage of over 4M housing units.Millennials are growing their families which is causing them to seek out more living space, yards, and better school districts – all difficult boxes to check in a multifamily setting.Younger generations increasingly value access over ownership.

Purchase price: $690,000 Cash invested: $280,000 Originally listed for $705,000 but was able to negotiate down to $690,000. (4 duplexes, next to each other) During the purchase this appraised for $780,000 so we locked up a deal with a massive amount of equity. 25% down + closing costs, insurance binding, inspections etc. = $200,000 up front to control the asset.Rehab Budget = $80,000Total estimated cash = $280,000Total estimate time to stabilize the property = 9 - 12 monthsCurrent Rents = $4,864 per month, $608 per unit.

Ideally you design a plan so you don’t lose a massive amount of revenue and do all of your capex at one time.

So, I am going to skip answering, but I will tell you reason people like Warren Buffet makes millions of dollars in the stock market.

Find one that has massive experience and has an old truck.

At 87 years old Warren Buffet still works 8 hours a day.

If your goal was to massively upgrade every unit, you may be better of non-renewing all residents once your contractors are ready to hit the ground running.

I will say that if you are a local investor or if you have a massive "Boots on the Ground" presence in 38127 you can make west of Highway 51 properties work but it is not easy.