I vaulted the ceilings and replaced all the electrical, plumbing, and mechanical elements.

I do mechanical and plumbing design.

Currently reading David Green's book and he also puts the emphasis on the team rather than the location.

I am a 25-year-old mechanical engineer earning an $84,000 salary in the vicinity of Dallas.My primary objective is to enter the commercial real estate sector through any available means, preferably focusing on multi-family properties.About a year and a half ago, I purchased my first house, a 4-bedroom, 3-bathroom property, and I have been renting out the extra bedrooms via Airbnb (house hacking).Now, I am eager to acquire a new property, but securing financing has become a challenge.

As you can imagine, if these items were to go down due to some mechanical malfunction or electrical surge, then the whole business/building is in a mess.   

As a cash buyer, I am skipping title insurance.The title company says I will get a mechanical lien just because I do not want title insurance.

How and when you approach the city, and the scope of work, determines what may be possible permit wise.Best case might be to hire a GC for all the rough and mechanical work, ask to complete finishes on your own, see if that flies for savings.

Depending on what you are doing to the cellar (you want it to be a cellar and not a basement, they are different in DC) will depend if you also need an MEP (mechanical, electrical, plumbing) engineer.

This is all good advice and the emphasis on wholesale is something I keep hearing.

Estimated short term and long term repairs (ask your Realtor about this) - Because our housing stock is quite old in Duluth, this is one of the most important factors in assessing whether a deal makes financial sense (verify age of mechanicals, roof, windows, water heater(s), appliances, siding, exterior, electrical, etc)Does the building have laundry hookups?