It includes a cleaning guide, instructions for closing utility accounts, how to turn over keys, when they can expect their security deposit back, etc Don't go crazy with this because most tenants will never read it or only give it a short glance.

The cost of living in Mexico is quite low and we are able to save about $7k a month.My Real Estate Investing Strategy:I plan to do out-of-state REI.I intend to target distressed multifamily properties (2-4 units) in B - C Class areas.SFHs are acceptable but the numbers appear to work better in multifamily.I would like to utilize the BRRRR method in order to efficiently utilize capital.I would prefer to target higher cash-flowing markets.The end goal is a passive income with buy and hold.My Question:I would like to hear your experiences in the Memphis market and if you would recommend it today for a newcomer such as myself?

Did you both pay equal portions of the down payment, repairs, utilities, etc?

Hey there I'm just getting into real estate investing and have been utilizing the bigger pockets tool kit to evaluate properties I stumbled across this property in my home state of Wisconsin, and I noticed in the description that it sounds like there are city requirements for the property and was curious what to expect with a property of this type.

Being that upfront cost would be way too much for me to try and take on my own and also since I don’t have experience it’d be difficult to get a loan of that magnitude to subdivide and install utilities drainage storm water etc.

Initial plan was to develop & subdivide upfront costs and difficulty to acquire loan for construction and utilities would make me change plans.

Thank you Hi Andrew,Something like this where you utilize contractors to do the work might be close to a decent overview, sans info about running it as a business.https://www.amazon.com/Complete-Guide-Contracting-Step-Step/dp/1440346011Business Decision:Parcel A can hold 157 SFH's max with proper road layout and city approvals of that amount for water, sewer and electric.Buyers clamoring for lower density at a better builder profit than higher density, so 100 sfh makes more money on Parcel A this year.Builder believes sustainable will bring higher profit on Parcel A than lower density (typical for the area) SFH's at that price point. 

I would utilize the house hack with an FHA loan as as possible.

Sales price of 185k-12,950(closing costs) - 5500 (holding costs interest payments + utilities for at least 90 days) - 25,000 (rehab) - 118,000 purchase = 23,500 profit.  

@Julio Ibarra do you have the opportunity to utilize a cosigner?