I would not plan on refinancing after a year... unless you are adding massive value during that time. 

My name is Neil, and I currently reside in Dallas, TX.For years, I've been intrigued by the potential of multi-family real estate, but I never took concrete steps to pursue this interest until recently.

Will a good concrete company have access to the necessary equipment to grade and dig to prep the site or is it customary to have to rent that equipment for the concrete work to be done?

Research any surface prep you have to do especially if your floor is not concrete.

Acclimate the flooring in the room for a couple days, clean the floor well, don't put it right on concrete, don't do anything the manufacturer says will void the warranty (like adding on any additional adhesive agent), don't install in areas that fluctuate in temperature a good amount throughout the year, etc. 

I figure Open Door just chose massive bundles of properties and set up a bunch of automated processes for buying, but I don't know. 

I do not think the concrete mix they use has been advanced far enough.

Cost TrackerLot Purchase Price 20% - 15%Architect & Engineering Plans RenderingSurvey 1 (Stake Corners & Elevation Cert)Surveyor (Final Elevation Cert & Final Survey)County Permit Municipality Utilities District Portable ToiletFoundationSilt Fence Site Work (tree removal / 8in Dirt Scrape)Concrete SlabFramingLumberEngineering Wood Products (Trusses)Accessories & LumberFraming Labor $2.5 per sqftPlumbingPlumbing TurnkeySinksToiletsFaucets & Shower TrimElectricalElectricalHVACHvacInterior Windows & Material Back DoorFront DoorSiding, Sheathing & Cornice MaterialSiding, Cornice, Doors, Window LaborRoofRoof Deck MaterialRoof Deck LaborStanding Seam Metal Roof (optional)InsulationInsulationDrywallDrywallFirewallHang, Tape, Float & Texture LaborDrywall Touch Up LaborPaintExterior PaintInterior PaintExtra Cost (Caulk & Paint Upgrade)CarpentryDoor Handles CabinetsInterior DoorsBaseboards & Shelving (closets, utilities & Pantry)Carpentry LaborCounter TopsCounter TopsMirrors MirrorsGarageGarage Door & OpenerDrivewayDriveway Flat Work (AC Pad, Walkways, Steps, Backyard Steps)TilingTile MaterialTile LaborLVPLVP MaterialLVP LaborRailingRailingLandscapingLandscape Final gradeSODFlower BedDumpsterDumpsterApplianceseDish WasherStoveMicrowaveMiscMail BoxFinal CleaningHouse Plan PrintsWater & Electric During buildRefunds / DepositsRefundable Deposit

This is actually the hottest market in America IMO.With that level amount of money you have to play big and do NOT think small ( i am still small investor LOL)I'm concerned I might run out of cash servicing the debt (I presume you were implying a take a loan and use the $5M to leverage into something bigger) and overall expenses of a massive, muti deca-million property, if it weren't a multifamily.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $22,000

Cash invested: $30,000

Sale price: $145,000

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Peter Vekselman

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