Currently one package unit handles both apartments, a throwback to when it was one apartment before I split the bottom into two equal sized units.Corporate tenants expect good things, so I have to give them separate control, which either means adding another package unit and splitting the old rusting ductwork, or putting in a mini split system, which I figure will be more efficient I guess my question is, in a house with not much insulation, would a mini split more efficient than a package unit for a person like me who is paying all the bills?

I learned we can go into iny place in the country and play on equal footing , and game to me most likely decided on a paly/turnover here or there.

All hard money lenders are not created equal and it is very much  a relationship and referral business. 

Just as the stock market must equalize, so shall everything else, and the bust comes much quicker when things are booming, friends.

. #2, not all markets are equal.

So, I'll post some words of wisdom to the newer or younger investors out there and end my post with some before and after pictures from my first 2 flips:Your network equals your net worth - Get out there and introduce yourself!

Marquell Jones also may I ask how you came up with $20 multiplying it by the sq ft to equal your repair cost?

I have an opportunity to JV with 3 other investors and I want to know how best to spread the risk and reward, fairly, while securing everyone’s stake by the real estate.We’re looking at a potential deal that looks like this:ARV: $400k-$425kMOA: $165k RB: $160kTarget net profit: $75kConstruction time: 6 monthsInvestor #1 has the acquisition funds.Investor #2 has the repair funds.Investor #3 is the General Contractor.Investor #4 (me) is the Project Manager & Listing Agent.If the GC and I waive our fees in exchange for an equal percentage of the net profit will that be fair?

Why is it that we say rents received from the property equals only 2% of the purchase price instead of multiplying the number of units in the property by the amount of average rents to determine the approximate amount of rents that will be received?

We got an FHA loan on it and since my wife is a realtor, we got 3% right back, so we put very minimal down.  3 of the 4 rents equal PITI so we'll live there for a year then move out.