Hey everyone, my name is Siera Hearne. I currently live in the San Luis area and am brand new to real estate. I haven't bought or sold any properties, still trying to find out how I will finance my first plan. I'm loo...

Spend some time really looking at these neighborhoods with your brother, and make a joint decision about where you would like to buy houses to own for the next 20 years.

But for many people (who are not technically inclined), those solutions are a big challenge to implement and maintain.  

The economic and business climate support this process, and the social factors of our population of buyers lead to them maintaining the houses.

It sounds to me like you are putting a lot of time, management, and risk into having a large base of unskilled labor that you can draw upon as you need them for either growth or eventually training.I agree with @J Scott that you are likely at risk if one of them were to get hurt on one of your jobs, just like you would be for any of your other employees, and you are probably getting a lower quality result by using unskilled labor.I think the safer and more flexible way to grow and maintain quality is by using subs with their own licenses, insurance, etc. that you can manage as you slowly bring in new employees that you can train and build a relationship with.

Monica McLaurin Interesting since we have also started looking at Manchester recently since even with the added costs of a property management company, it is less expensive than owning and maintaining a multi in the Boston area...Can you please keep me in the loop of your findings?

Final mortgage should be around 250k @4%Rents will be: 650/mo - 1 br's800/mo - 2 br'sResulting in potential rents of $2250/moI must occupy 1 as per VA requirements (1br)What else must I consider since this is the first time I'm constructing a building/second time renting a property/1st time managing a Multifamily Also, does this all sound like a good deal?

I think it likely that banks today will still want to maintain their loans in 'sale-able condition' even if they are not looking to sell them right now.  

Sometimes no matter what you do, pipes will freeze, but many policies do include a stipulation that you do your best to maintain heat or drain the system completely in order to have the water damage from a burst pipe covered.

The landlord is concerned about maintaining some control over the quality of the tenants in his park and you should sit down with him or her and discuss the parameters that would make him/her happy.