I have a auto body shop that is located in a D class residential area, it was own by my grandfather, he is getting up in age and he is passing it to me. he hasn't done body work in years, he just have been renting the place out to some guys he know for like $220 a month. the utility are still in his name also. my whole idea is to come in, change things around, do the proper things, have a actually lease agreement written out for the tenants, with the new rate increase and rules, there wont be anymore of the late rent payments, there will be a late penalty, the utility will be in the tenants names,I plan to put a security system on the property, I'm new to all of this , its my first property I'm open to advice, suggestions, ideas on what I should do.

Ground Up Construction loans (for 1-4 unit investment properties).The principals of 11 Capital Finance have been in the commercial lending business for over 20 years and know how to properly advise a borrower on any type of commercial real estate transaction.

Me and my wife have developed our real estate business the last 4 years and I really wanna streamline it to where we really happy with it and have freedom.

The owners are older couple who would really like monthly income and to sell to us (we've developed a good but fast relationship with them). 1.4M sell price, 4% interest locked in and amortized for 25 maybe 30yrs.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

@Luis Vilar if you intend to raise money from investors (specifically not partnering) then it is important to understand the proper securities regulations.

Part of it is how I present it to my parents as well and that would be a much more expensive development project than one house for myself and them.

I live in a development where there is a ton of house rehabbing taking place just don't know where to start!

Only making 5,000 dollars feels like a defeat but it made me realize that I need to develop a laser focus on what I hope to accomplish. 

One thing I am trying to figure out though is how to properly verify all the tenants are actually...1.