Hi everyone, new here and am really looking forward to hopefully investing in RE but want to make sure it could really happen.Here's the deal, I moved to Green Bay about 3 years ago but have been an hvac mechanic for about 12 years.

As such, I'll never personally tie myself to something indefinitely unless it continues to prove it's value on regular re-evaluation. 

@Chad Forgue Re: Subdividing, not having funds is something that is remedied by a partner in this situation.

there are a lot of companies that specialize in rehabbing and re position MFR.. they are not just coined turn key or in the turn key space as that term seems to be used for SFR's

You should seek the advice of a good CPA and a good RE attorney before moving forward and you all need to be on the same page and thats a challenge.

I would of course immediately call that lender directly (if I weren't myself a lender then I'd have my agent make this call; good agents have strong "the lender is throwing spaghetti at the wall" BS detectors) and drill down on how many 100% CLTV commercial loans said lender has done in the last couple years, and ask for property addresses so I (or my agent) could validate from public records (which takes ~5 seconds for a RE agent or lender to look up).

So, I usually see new RE investors get their best starts by jumping in and buying something manageable.That said I think you are wise to be careful to invest in a seller's market.My advice: dig hard to find a deal then jump on it.

Would love to help you achieve your RE goals anyway I can.

We investigate and determine insulation is inadequate in the corner of the room and tell them we'll reduce rent to open the wall and re-insulate (no mold present).

RE: your question about JV's we spend a lot of time with them prior to working together explaining what we do, ho we do it, the risks and potential rewards.