My Dad is a contractor who has built multi-family properties for other people in the past, but he hasnt built anything for himself or smaller than 20 unitsI have been suggesting the idea of building a 4plex to him for the past few months and we each forgo our fees and split the profits of the dealI'm curious as to what your numbers were like on a btr 4plex, such as the land cost and the construction cost at the time you built it?

The idea of the BRRRR strategy is to force appreciate the property so that when you refinance you can pull out your initial investment (or as much as you can) or additional cash, if the appraisal is high enough.

So that gives you an idea to track record

Thank you @Rebecca Nieves I agree with @William Sing that having a umbrella policy and a tenant acceptance policy is a good idea.

While most municipalities do not possess an interative map as easy to use, once you famiarlize yourself with the base zoning districts that allow the 2-4 unit buildings, relying on the local zoning maps will help direct you to the specific areas within the municipality that possesses the proper zoning.

These new rules WILL allow those of us who do the hard work and take proper care of our clients to generate even MORE business and negotiate our own rates.I don’t know about you, but I’m worth a minimum of 3% on every deal I touch.

It seems to me that some portion of the house purchase/reno/outfitting should be able to be claimed as a business expense, but I have no idea how to correctly do so. 

Because if we take your idea to its logical (see what I did here?)

If the opportunity arises later on, treat it like any other tenant situation and conduct proper screening procedures.Best of luck to you!

Do you have experience to properly budget the time and expenses that come along with a rehab3.