Investment Info: Multi-family residential buy & hold investment located a 20-mile drive or 25-minute ferry ride from downtown Boston in the beach town of Hull, Massachusetts, also known as Nantasket Beach.Purchase price: $550,000 in 2016Cash invested: $137,500 from 1031 exchange (75% mortgage)A 14-unit property on a corner lot, and it includes an adjacent lot as well (10,000 sq ft total lot size, double the town median lot size), giving an exceptionally large patio, yard, parking areas front and back, and a storage shed.

A young guy I know bought a cute vintage camper, sprayed it black, cut a window in the side and built it out as a mobile coffee shop, which is now parked outside of events and staffed with college girls.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

If it is going to open up other opportunities for you, all the better, perhaps it is worth it.I recently had a client buy a septic pumping truck given they were spending a significant sum on the service for their RV parks - certainly are scenarios out there that it makes good business sense.

We are interested in purchasing single-family homes.We have driven through South Dallas (Fair Park area) and noticed a lot of gentrification happening.

One of them interestingly accept agents to park their license and pay a monthly fee, no need to have affiliation with board and still keep mls membership.

For example, parking under the building would require steel, if the spans call for it you could need steel.Also, just because you are five stories or more doesn’t necessarily mean you need steel either, or perhaps you could do a mix of steel and wood frameLots of variables and really need a plan set and a structural engineer to sort these things out

Knowing a ball park figure can help me pick a price I will see if the homeowner will accept because there is alot of needed work)What kind of project planning should I do to make this an efficient project and reduce cost but keep quality?

A few things i've considered doing next is finding a quadplex, investing in an RV park, investing in medical offices.What should I do next?

MaxIs this in a park or on land?