@Kevin SeithWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

There are in some areas credits for using low flow toilets but tenants typically hate them because they have to flush multiple times and get clogs versus the old style.No legal advice.

@Cheryl LebertWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Maybe I saved $50 by going with their special but the lost time and frustration wasn't worth it.I think they have the big box store installation deals have their place for traditional homeowners but if you are trying to do multiple investments having your own on-call team even if you take a few lumps(and you will) finding that team is worth it in the long run so you can get someone over to a property that you trust at a moments notice if you have a major issue.

Like you said it is hard to imagine a lender not noticing multiple owner occupant loans.

Unfortunately these projects often features the homes jammed up on the property lines with a complete obliteration of existing trees/landscaping features to make rooms for a monster house so it doesn't necessarily serve to 'upgrade' the neighborhood in many cases other than increased comps.In other areas I've seen a builder slowly accrue multiple lots of and develop them in a more tasteful manner with new construction that is architecturally consistent with the other new homes they've built adjacent and allowing for proper landscaping.I try to do everything I can to avoid complete teardown and rebuild, if I can utilize the existing foundation and utilities it is a huge cost savings both in construction and in paperwork and permiting.

Here is a interview with the president with more details.http://www.youtube.com/watch?

I have been through multiple property managers to find the right fit for me.My quick calculation is that you have the potential to make a 40% cash on cash return.Great job.

Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.