I'm sure others on here will expand on, and correct this where needed.

There's no guarantee about how much money you would make but it sure would be an easy way to make extra money and every loan that closes needs someone ensuring the documents are signed correctly.

@Damien Cox,@Bryan Chuchta is technically correct, but it may depend on the laws in your state.

Hello @Taylor WittFrom what I have researched for multifamily underwriting you have the correct analysis.

In addition to what's already said above, Of course do your due diligence from ensuring proper leases are in place, the rent he says is what he gets by checking his bank account or some sort of proof, make sure the expenses he quoted are correct by looking at utility bills etc., title should be free & clear, no zoning violations etc.

Having a PM does require you to be knowledgeable enough about property management to be able to know when your PM is doing their job correctly.

A really good rule of thumb is $20-25 a square foot for rehab, then add costs for roofs, 3-5k, hvac 3-3.5 k, blow pipes, 1,500-2,000, foundation 1-30k (harder to determine when starting, but you can have guys give bids).

My husband and I are seeking contractor bids to renovate our first buy-and-hold duplex, which was built in 1918 in Norfolk, VA.

Would like to know/hear from anyone who has bought tax liens from the city of Chicago, IllinoisFrom my research it's a bid down process starting at 18% and IF successful the home owner has 2.5yrs to pay you your principle and interest.

Bid accepted!