This allows you to buy the house with the first draw, then take out additional draws to finish the repairs.  

How is employment? 

Properties are generally much cheaper relative to the rent they pull in, than in NY.3) Lower fixed costs - lower real estate taxes for starters relative to your rent roll, etc.4) Lower variable costs - labor is A LOT cheaper here.  5) Less stringent code enforcement.6) Less maintenance - milder weather, and younger average age of homes make for less maintenance.   7) Diversification - low entry price to buy property allows and investor to manage risk by buying properties in different neighborhoods instead of putting more eggs in one basket.In additional to the benefits I listed above the city is growing so fast that homes rent very quickly, often times before the sale of the home.  

Additionally, I do think i may have found a potential source for this data - Rebogateway. 

If necessary, I would potentially use any other income sources to speed up, stay on target or address pain points.I'm suggesting a 10 year time frame as a ball park because I will use any additional income to speed this process along.

Hey everyone, I'm new to the forum and wanted to take a moment to introduce myself.I run a small analytics consulting business in Boston, and develop data science courses for several online education platforms.I'm interested in real estate investing as a means of diversifying my portfolio and providing additional streams of passive income.

Banks will be Leary of financing a property that needs work and hard money lenders wil not loan to homeowners because of the additional regulations. 

If you buy a partner out you will not either except the addition of the new basis.

If you are already zoned for multi-family, then adding an additional unit should be as simple as completing what some communities call a change of use form.  

@James Carpenter, along the lines of finding a "good few" as mentioned above, in addition to networking personally at the REIA meetings, I would network with investor-friendly title companies.