For that kind of plan the things I would caution you on are:- If it is not owner occupied you generally are not going to be able to get any construction component to the actual mortgage.

You will discover that finding money is easier than finding good contractors.

They discovered that using a PM who was dealing with in state investors vs using a PM who focuses on out of state investors enabled them to get a better investment from the start.

My specialties are triple net with retail component and also large apartment buildings.Glad to see you hear on the site.

Hello BP members, glad to be here with you all learning and discovering new things in the world of real estate.

But I suggest you first discover and understand what preceded the judgment.The numbers don't sound great BTW IMO.

What you'll discover is that using conventional financing is very difficult due to Fannie Mae rules that require a home to be classified as a C4 (which means move in condition with under 5k in repairs.)

It took me a while to discover but I came across it on a previous forum post from you.

How does he discover his opportunities?

@Andy Argonaut ....Motivated is the key component...keep it moving...