I will say I love to get involved in the planning of rehab and running all the numbers, but your time will be limited so spread the wealth on things that require too much time.My goal is lots of doors in 10-15 yrs, when I retire. 

Please take into account that all is legit, Work Agreement with our 15 yrs old son is prepared, work hours are justified and logged, hourly rates are fair, labor regulations are met, etc. 

The rental I held for 16 yrs was sold in January 2022. 

If you have enough rental demand in your area and are satisfied with the income, I'd be tempted to leave it alone  until the time it's very outdated and/or  just so worn out that it needs renovating, at which time you can  make the changes you want.Hi Ed , The end goal is a flip - Absolutely no weightage to my preferences :-) Just want to appeal the  broad customer base .I agree 200% with you on rentals , I just do the bare minimum - Even in high price neighbhorhoods , renters have pretty low expectation , i just buy for investing and havebeen a renter for 5 yrs . 

I have run a few ads looign for homes and have called on for sale ads but the majority of owners will not finance, or will only finance for 5 yrs tops.

If i offer seller $8,000 downpayment - $700/mo to have paid off in 4 yrs.

They have 2 yrs of good payments on the hardmoney loan.

I quit my fulltime job in March 2011 to have more time in RE and other business ventures and also be home with my family moreMy Goals: I'm 38 yrs old, 1M networth and 10K monthly income by 2015

How realistic is the idea of a new investor partnering with a private money partner (debt investor) in order to gut rehab a 6 unit multifamily and get it occupied at 100% again and hold it for 5 yrs?

Hi DaveMatt in SeattleBeen out to your area once (ran the Tri Cities Marathon 3-4 yrs ago)Good luck in your endeavors, will follow along!