Since the "bonus" commercial cashflow from this value-adding is mostly profit, the ROI should be stratospheric, which also opens the door to refinancing and walking away with a fast fat check at the loan's close.The demand for this type of moderate housing stems from the fact that the county is going to be growing by at least 10,000 residents per year for the next 20 years (I think more), they'll all need a place to live and the established county policy is to channel much of this growth into the urban western county.

((Also, one of the buildings that's I'm interested in also has cell towers on the roof.))P.S.

You don't want the agent to have fat-fingered 4 bedrooms when it's only 3!

The ones I stay away are fat talkative ones.

Unfortunately it was all a big fat lie..

All the close neighbors have my cell and can call me anytime if they see any issues.

I found a 12 unit that I am interested in, but am unsure about running it myself, so I contacted 5 local firms by email, 2 of the big local names included...only one response, and it turns out he's a BP member.Lotsa fat wallets out there...RE must be the place to be, there's so much money coming in that there's no need to answer emails or call anyone back...hmph...

I'm in escrow on a REO that initially requested (and received) Cash Offers onlyDeal directly with the Listing AgentPut a fat deposit downBeat the Cash Offer by a meaningful amountBe willing to release Financing/Inspection contingencies on a short time-frameBe ready with proof of funds, credit, pre-approvals etcWork with a lender who you know can performSay on top of third party timelines (ordering an appraisal, Prelim, getting loan approval, etc)

I would recommend one LLC per property or using something like a series LLC where you can place the properties into individual child cells to minimie liability. .

If no internet and no cell service, I would stay elsewhere.