The rate difference between FHA and Conventional is actually over 1% right now for Multi family propertiesCurrently the rate offered is 6.75% and 193/m in PMI (private mortgage insurance)That makes the payment with taxes and insurance roughly:$3453/monthTaxes were $3820, and insurance is $1800/yrCurrently this building can rent each 2 bed unit for up to $1800/m with tenants paying all utilities.All in cost to close is: $71,414.64If you rent both units for $1800/m you can expect gross cash flow of $147/mThis is the reality of buying a turn key duplex in the area using todays rates and prices.I want to stress, that this is actually considered a great property and deal in todays market for the areaYes, prices are high, and so area rates...My goal is to show what is actually going on.

If you build relationships with people, the real estate gets disposed of, but it won't always be by you.2.

You could theoretically set up an Airbnb listing for any house, so yes you can have it all set and ready to go and then just make it public the day you take ownership.

The insurance world was not ready for Turo, Airbnb, etc and is still adjusting. 

Ready to move on.

I called the building official and he said that they've been in court for the past 2 years trying to get the property demolished and the last they heard was that the owner was in prison in TN.

Purchased vacant lot and build single family home with 4 bedrooms and 3 baths.

I'm building a closet, and trying to decide which kind of doors to use. 

Our first DEEP value add multifamily project here in Radford, VA just stabilized and refinanced out of the 12 month construction loan. 6 unit apartment building all 2x1 near Radford Campus.

Purchase price: $140,000 Cash invested: $550,000 I am in the process of building a 2,800 square foot new construction duplex!