I plan to focus on small multifamily (2-4) units in the North Dallas area with interest in moving to larger (5+) units as time goes on. 

I have found another deal on a duplex but do not have the funds to finance it as I have just recently purchased my duplex and am pouring all my available capital into the renovation.

The numbers are just larger. 

What I'm really trying to do leverage up to more units either by adding a 2nd property or unloading this one and getting a larger commercial one. 

I have purchased and renovated a couple homes and have done well (with more luck and timing than skill).  

In the event I need to pull money out, I'll have a larger pot...if that makes sense. 

I’ve discussed with my lender the option of a 203k loan but my question for you is does this loan only cover renovations to update an property to FHA guidelines or can it be used for any renovation to the property such as additions?

Furthermore, the previous owner renovated nearly all of the apartments in the last two years at a cost of $26k - $29k per apartment.

Try looking at some of the larger offices in your area, especially ones that also facilitate real estate courses - reach out to the managing Broker and ask them to recommend a newer agent to you that would do it for a reduced listing fee - worth a try!

I would like to know what will be the best investment type for Cash investors.Bought my single family 2 years ago:For : $375K paid Down : $75K Spent : $60K renovation with everything A to ZTotal invested is $135,000I didn't bought this house for investment purpose, I just bought it for the amazing location and the price for this location.