I am looking to get 12 more units this month 3 quads in one deal, but knowing what I know now I would never even consider an out of state or even a lengthy drive deal with multifamily. 240k for 10 units means the property probably has been mis-managed and needs some sweat equity and a few repairs.Whatever route you decide to go I hope you are successful and keep us updated!

I have a lengthy Legal Opinion, from my seasoned Legal Team regarding this matter. 

Hi mike, we are using muni revenue bonds to finance projects.

Thank you for all the advice and thoughts, and apologies in advance for the lengthy delay in responding.  

Never looked at the heater, but assumed that ALL electricity in the room would be going to the same panel.Apologize for the lengthy explanation.

If you can't stomach the thought of making mistakes and losing money, then real estate investing likely isn't in your cards (or really any other type of investing besides maybe CD's or government bonds).What you should focus on is limiting your losses to be significantly less than your gains and learning from your mistakes to gain experience.If you run into road blocks, there are plenty of people on here to offer assistance no matter what direction you go.

It is a very interesting strategy and without knowing all the numbers involved, I can tell you that it is more complicated and lengthy than it seems.

I have 4 properties, one is a three bedroomed house (free standing house, bonded), another one is a bachelor flat (bonded), another one empty piece of land (paid up) and a 2  bedroomed house paid up.

Financial planners typically have zero real estate-related training, largely because there's nothing there for them to get paid on other than flat fees.If you're interested in running your own personal situation through a professional financial planning tool that incorporates stocks/bonds but is also real estate centric, check out RealEstateFinancialPlanner.com.

Electrical Panel should be further evaluated by a LICENSED AND BONDED ELECTRICIAN to ensure the safety and compliance of the Electrical SystemFederal Pacific Electric "Stab-Lok® " service panels and breakers are a latent hazard and FPE circuit breakers can fail to trip in response to overcurrent, leading to electrical fires.