New mechanicals and cap ex.

To better understand the mechanisms of our economy’s credit cycle, including how default cycles like this happen, I HIGHLY recommend this animated video from legendary investor Ray Dalio.

The longer a resident has resided in a property the more allowance or pro-rations must be given for wear and tear.Notice that normal wear and tear does not include dirt – excessive dirt is considered negligence, carelessness, accident or abuse.Wear and TearDamagesSmall nail holes caused by a mechanical fastener (nail, screw, etc) utilized to hang or secure standard pictures, frames and other items on walls.Larger holes from hanging shelving, large pictures, wall anchors, toggle bolts, flat screen television brackets or any other wall hanging that causes damage larger than small typical fastener.

Mechanical, Electrical & Plumbing        3.Title 24 energy4. 

I could write a book (or at least a few chapters) on what to look for in larger multi-family (100+ units).For a 4-plex, that is closer to an SFR so I would do the typical SFR things - inspection including MEP (Mechanical, Electrical, Plumbing),  clear title, zoning, HOA rules (if applicable), etc.

A full renovation, brand new finishes and mechanicals.

I studied mechanical engineering.

I am interested in getting into flips in order to gain more immediate income especially because I'm inbetween employment as a Mechanical Engineer. 

Everything I've tried is very mechanical and i'm only able to export 100 lines of data at a time into excel and we are looking to go back multiple years over the entire Dallas Fort Worth Metro. 

I see Contract for Deed (C4D) aka, Land Contract aka, Installment Sale Agreement aka, Installment Land Contract(s) as another tool in my exit strategy toolbox and prefer it when I am financing the sale myself.There are also reasons to buy using this mechanism, some of them already mentioned above, there are others.