Based on the initial project schedule I will be there full time during the week (Mon-Fri) for a year to a year and a half, and am looking into buying a small multifamily property to live in while I'm there.

On MLS as a forclosure, teh initial price was $240K , they asked for highest and best offer, I submitted $225K and teh countered $227.5KHow did you finance this deal?

This would put our initial investment at around 126K and a cap rate of 6.4%.

The downside is you would initially purchase in your name instead of an LLC to get the residential financing, but could quitclaim them to an LLC down the road. 

I will also always ask at the outset if they "want space," or initially apologize for hovering over their shoulder.

We can help more if we know more details.Hi Michael, I appreciate you taking the time to respond.By no means was my initial message meant to be 'coy'.

Since I am not handy and am limited on time, I hired a handyman service to take care of the project.It ended up costing quite a bit more than I initially thought.

My initial plan was to perform land development and subdivide into 1/2 acre tracts and owner finance them starting prices at 60k per lot plus a reasonable interest rate depending on how long of a term would best fit the buyers budget.

Initial plan was to develop & subdivide upfront costs and difficulty to acquire loan for construction and utilities would make me change plans.

When I bought it, the returns were looking nice at a $1,100 per month rent estimate but it's nice that when construction was completed the market rent was $1,275 per month so that was an extra bonus of $175 per month per unit (or $700 per month total) over my initial cash flow projections when I signed the contract to buy the properties.