After several years investing as an accredited investor, I’m moving to building my own portfolio of SFH and small multi-family that I control and add tax and passive income benefits for additional investing.

In terms of the building you are under contract on, is it brick or frame? 

Now he is currently building another one and i think it is a great investment.

The drive is a horseshoe shape around the back of the building (only one building on the property).

People would say things like cash flow, seller financing, Self-Directed IRA, etc. and my eyes would glaze over.RTR Academy starts at a basic level and builds you up to where you need to be for a successful endeavor into real estate. 

Given your situation, there are several factors to consider when diagnosing and addressing the vacancy issue:1.

I have a primary residence that is a 4-unit building.

A drywall guy once told me that a quick way to calculate a whole house worth of work is to multiply the living sq footage by 3.5 then divide that by 48 sq ft ( 12 ft drywall ) and then multiply times per sheet cost.This is probably more applicable for new construction or full gut jobs.amazingwe did a new build last year & using your calc it was very close except we did 9ft ceilings & 1/2" 12ft wallboard.

Right a nice letter, send it by email and registered mail, telling them you have purchased the building and will be terminating their lease on the last day of July so that you can move into the unit.

My family and I are contemplating building a 2nd home on Beach Lake or Sunset Lake in particular (5 minutes from Castle Rock Lake) and utilizing it as an STR the rest of the year when not there.