It's a big project that involved moving a 50 foot, exterior brick wall, discovering an extra floor that we didn't know was there, and building a rooftop patio that overlooks the entire neighborhood.

Real estate involves, at best, sixth grade math: addition, subtraction, and sometimes long division.  

I question how dedicated the guy is to selling the property since when he was selling two other properties for me to 1031 into this 30-unit he was communicating weekly if not multiple times per week (a good amount of commission was involved).

Whether you hire out everything or are more involved, plan from the beginning to be able to step away from the business if you need to.That requires careful analysis of the property BEFORE you buy, to determine if it meets your financial goals AFTER including all expenses.If any turn key company sends you a cashflow analysis without at least TIMMUR: 1.

While I was offered a position as a simple cinderella investor (I funded most of the rehab and holding costs), I wanted to be as involved as possible.

A lot of strategies involve a quick close.  

Hi, My Name is Tom and I am new to the BP community although a long time listener.I am getting started in the REI game and looking to learn a lot and potentially meet/partner with others locally.I’m currently living in Ulster County, NY (Ellenville).I purchased my first residential property about 9 years ago and have been considering a number of Multi-Family/Unit options locally and in the Columbia/Irmo, SC area.Outside of my interest in Real Estate I also enjoy traveling, Craft Beer (I brew my own!)

You can remodel them, but before you get involved you will want to consider that they may be more difficult for your end buyer to finance.

Got my RE agent involved so I can find out more information.

@Michael NavarroHey Michael,     There are some great groups to get involved with that have meetings next week.