Once comfortable I would like to expand to multiple quadplexes.

If a contract is accepted, that gives me the proper time to do everything I need to do.

I am looking to expand in this area as well as possibly multi-family units.

We are ramping up a new campaign and expanding our territories for 2014.Would love to meet with you guys offline as part of the BP community.

I am a realtor and investor in West Virginia and own several rental properties here and I am looking to expand and invest outside of West Virginia so I was wondering if you had any suggestions about where to invest or if you live in an area where real estate investing is doing really well and would like to partner up I would definitely be open to something like that as well.

I like the strategy you're using, getting into properties with such little $$ down can be very fruitful if you plan properly!

Most investors will want a tenant in place, if they qualify, and at the proper rent.

Did you market it to the buyers properly??

Unfortunately these projects often features the homes jammed up on the property lines with a complete obliteration of existing trees/landscaping features to make rooms for a monster house so it doesn't necessarily serve to 'upgrade' the neighborhood in many cases other than increased comps.In other areas I've seen a builder slowly accrue multiple lots of and develop them in a more tasteful manner with new construction that is architecturally consistent with the other new homes they've built adjacent and allowing for proper landscaping.I try to do everything I can to avoid complete teardown and rebuild, if I can utilize the existing foundation and utilities it is a huge cost savings both in construction and in paperwork and permiting.

The proper accounting is for the to actually cut you the rent check and then you pay the funds out to them for the expense.In this case Even though as a landlord you are NOT REQUIRED to issue the 1099.