Do your first deal under your name and make some money, then use some of the profits to establish your business.

If you currently have an established book of vendors that you have worked with previously, AND you have the time, I would say to GC the project yourself.If you do not have the time or book of vendors I would suggest to utilize a GC to manage the project.

Ben Winchester Morning Ben keep the money in the bank until you find another deal because you don't want to gamble with the money if you're planning on doing rental believe me situation will come and you will need the money.

Renting out property can always be a gamble, with the risk of a bad tenant who could, for example, smash a hole in the wall or bail on paying rent.

.$100,000 goes a long way in Ohio and Michigan and you can get some very decent figures in solid B class areas.It does take time to establish relationships with the right people in order to insure success.Just returned from a 2 day trip in Columbus.

But it's probably still a good investment, especially appreciation wise in the 7-10 year timeframe, as the surrounding developments get established.  

So, look at alternatives in establishing you long term goals.

Give the property a curb appeal uplift... that will help establish a good rapport with the neighbors and show that someone cares about the property. 

If the market follows the pattern established during the great depression (it could be much worse), then the DOW should get down to at least 1,540.

All my recent purchases (SFH) are in established neighborhoods no subdivision and no HOAs, but I didn't know about restrictions of the amount of bedrooms per home.