Though by that time, with appreciation and some repairs I'm confident I can at least break even if not a small profit.

However, my next deal, I added a commercial mortgage broker to my team and he now goes and gets a bunch of quotes for me.It's always good to get things set up prior to looking for deals, as you can be a bit more confident on what you can go after and if you are given the "green light" from the lender.Yes, I raise money from those in my network who just want to passively invest and those who trust me to not only get a solid return, but to protect and multiply their capital.

If you're confident this community is worth it, here's what I'd do.1. 

From the exercise I'm also building a habit to do due diligence coz it's the BIGGEST mistake a newbie can make in my opinion. to get better understanding and give me confidence for out-of-state investment so I don't regret it.More thoughts on your suggestions: Don't buy in the roughest neighborhood in the urban core.

You can actually often use this to negotiate a better price, and you can also feel confident you're not jumping into something with major issues that you were not aware of RenovationPay attention to detail and think as if you are buying this house.

In doing so, not only did it prove the concept to my partners, but it gave me confidence because a project that I had sourced was finally coming full circle!

I've read several books on multi-family investing and consume podcasts on the subject.I joined Michael Blank's Deal Maker Mastermind which may have been one of the best things I've done in terms of education, boosting my confidence and networking with other multi-family investors.I've spoken to a boatload of commercial brokers, although honestly not nearly as many as I should have. 

You can guarantee yourself wealth by building knowledge, cash, equity, relationships, and confidence.

View report*This link comes directly from our calculators, based on information input by the member who posted.The ROI is not very good but I feel very confident in the ARV.  

I still have confidence in these areas.