Couldn't pass the inspection until he ripped it all apart, removed 2 new kitchens and 2 new bathrooms, moved walls, etc. and made it a 2-family building.

It feels like a part-time job sometimes!

Due to unexpected circumstances, I’ve had to come out of pocket probably close to about 50K or more since the inception of the project, and he’s made excuse after excuse as to why he has not been able to.

In any case, it's great that you made those comments .

Here's how to get started and advice on each area:Section 8 Rentals:Education: Learn about the Section 8 program, including eligibility requirements and benefits for landlords.Networking: Connect with local landlords who have experience with Section 8 rentals for practical advice and insights.Property Selection: Look for properties in Raleigh, NC, and surrounding areas that meet Section 8 housing standards and have potential for rental income.BRRR Method (Buy, Rehab, Rent, Refinance):Research: Study the BRRR method to understand how to find undervalued properties, finance renovations, and refinance to pull out equity.Partnerships: Consider partnering with contractors, lenders, and real estate agents experienced in BRRR to streamline the process.Market Analysis: Analyze local market conditions to identify neighborhoods with potential for property value appreciation and rental demand.Airbnb Properties:Regulations: Familiarize yourself with local regulations and zoning laws governing short-term rentals in Raleigh, NC.Property Preparation: Prepare properties to meet Airbnb standards, including furnishing, amenities, and guest experience.Marketing: Develop a marketing strategy to attract Airbnb guests, leveraging platforms like Airbnb and optimizing property listings.Overall Strategy:Continuous Learning: Stay updated with industry trends, attend local real estate meetups, and consider joining real estate investor groups.Financial Management: Manage your LLC, Opal Capital Holdings, effectively to track expenses, income, and tax obligations.Long-Term Goals: Keep your multifamily apartment goal in mind, and progressively scale your real estate portfolio based on experience and market opportunities.If you would like some help getting started, or just want to discuss please feel free to reach out to me directly.

What made you interested in investing in this type of deal?

Feel free to DM me and I can give you more info. 

Note: We haven't made any decisions yet, they just seem like a quality option and wanted to figure this out before we got too far into deciding which applicant.

However, it’s usually the borrower’s who think they’re somehow paying more interest, not the lenders who somehow feel they’re receiving less.  

What made you interested in investing in this type of deal?