Construction carries risks that can land you in court for minor issues but it is rare.

I'm trying to determine whether to sell it & invest my third in an index fund or buying my siblings out & becoming a landlord .I running a 10 year model here.Approx value is $200KAnnual rent from both sides combined, brings in $15,200 net, annually after all expenses ( Ins/Property Tax/Maint/95% occupancy rate)Ok - here are the factors if I buy my siblings out:- Do I use cash?

I combine notes on the best ideas in each book so I have my own personal reference guide.

I think you're looking at a much smaller number, so it's hard to say what you need.Depending on your volume, these could be combined.

(See my reply to @Aaron Bassett above.)Building equity can be done from low-cost acquisitions where you can build in the equity through renovations/improvements, or from selecting the right markets and neighborhood/property combinations where growth leads to appreciation.If you want to "keep your day job", then reducing the work and headache on your first few investments might be the best ay to go for you.P.S.

I am hoping to do a combination of wholesaling and fix and flips this year.

An honest exchange and drafting of a lease between owner and tenant can happen without outside professional assistance but it is a rare occurrence.No legal advice.

Unfortunately, they didn't have flood insurance because at the time the community was not part of the national flood insurance program or something like that and the chance of flooding was considered very, very rare - not 7' worth in the basement!

Rarely does 70% come from what they're asking.

The amount I pay on the sell side, for the service I get, doesnt warrant the switch, but combining the buy and sell @3,500 a project could could easily bring in an extra 100k annually.