I was in the construction and design team side of houses and multiplexes for a long time, I'm good at  the numbers side of this game but wondering how fast and how big I should expand?

Hello, thanks all for the replies--definitely appreciate the input!

Thanks for the tips Bradley.

Yes, even if the OF deal isn't on your credit, it would reflect on your bank statements and your tax returns.Biggest tip - get the property appraised so you don't overpay.  

Hi Percy, thanks for your reply.

Personally, I would walk away, but he's emotionally invested, so, I'm trying to give him at least some tips, where he should ask for changes in the contract, which probably won't happen. 

Along with the refi after a year or two, I would save up the cash flow to buy another property or contribute to the down payment to get to 78% LTV as fast as possible to avoid PMI and to be able to qualify for a regular loan.Based on everything I know, this plan seems to be the most efficient way to acquire as many units as possible in the shortest amount of time, but again I am fairly new and don't know all the possible options.

We are graciously open to any tips and suggestions that will yield success to our business and are willing hustle to gain as much experience and insight in the world of real estate as possible.

After 6 months of ups and downs, I can officially say my real estate investing career started with a house I bought for $1.  BP has been such a huge help getting my investing career off the ground, I thought I'd share...

Thank you Chris T. for the great tips.