We are fair but not total suckers

If I have three unrelated people wanting to rent together, I require each individual to make 2x the rent, which means a total of 6x the rent combined.

I am a beginning investor and he has done total home rewires for me.

An RIA need not be registered with the SEC if the total assets under management from all sources is less than $25,000,000.

I have a property in South Dakota that I'm looking to purchase.This deal would be purchasing an existing sfr on a double lot, tearing it down and building an 8-plex with 8 garages.Purchase price =35kContact estimated =$575 for tearing down and construction.Leaving some leeway for error I was estimating $635k all in for construction of the property.For the rental portion I am seeing 5-1br/1ba units renting at $7003-2br/1ba units renting at $10009 garages renting at $50 eachCoin op washer and dryer $90 Total monthly income $7,040Expenses Taxes =$12,500Insurance=$2,000 (my estimation have not gotten a quote)Property management= 10%Vacancy =10%I'm not sure if I missed anything but it looked like a good deal in my head.

Which brings me to a total of $2690.If I sell my place now, it's valued at $550k and $570k will be the maxShould I rent it out or sell it?

Also, you have 45 days to identify replacement property, but you have to close within 180 days total from date of sale of the old property.

If you own several smaller income properties, a vacancy in one is only a fraction of your monthly income.If you feel like posting some more details of the current prop, I'd be happy to weigh in again - it might be a total winner and you'd be silly to sell it, who knows? 

My understanding is that this amount can be added to the total purchase and would allow us to wrap up most, if not all closing costs into the mortgage itself.

After Repair Value /Comps - Provide comparable sales data that confirms your After Repair ValueRepairs - Provide a detailed estimate/scope of work of the repairs that you are planning for the project.Loan Terms - Provide the financing terms (interest rate, points, holding period) you have budgeted to pay the lenderHolding Period - # of months it will take to rehab & resell the propertyOther Costs - Provide a breakdown of other costs (buying, holding, selling & financing costs) Profit Margin - Highlight the total profit & profit % you have built in the deal.