I dedicated three months to remodeling the interior myself, transforming the space with a vibrant Retro Tiki vibe featuring splashes of color and creative design.

First month of leads and I have to laugh at some of these.

There is a press release from them in nearly 18 months ago talking about how they had $1bn in agreements... https://fox5sandiego.com/business/press-releases/ein-presswi...In my 17 years in real estate, I have never heard of any group that had that much money committed without taking even the first step of closing on the land.

Rock that for about 12 months and add some equity and then you could refi out to conventional so as you pay it down in the future the mortgage insurance will drop off.

For weeks/months/years it could be totally fine, without incident. 

Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you . 

Where we expected to gross between $30-40k, we are grossing $60k and generating around $2000 per month in cash flow.

After paying the money and being ghosted for over one month, I turned in a fraud alert to BofA.

Seriously, it's important.And as mentioned above, the amount of rent you receive on multi-family properties is based on 12 month rental comps.  

A small fourplex and a 2-3 month transition of getting clients used to the new owner, handyman contacts, and such.