Hi all, quick q: I'm planning on getting 5-7 smaller multi-fam properties or 1-2 large ones. 

Thank you for your quick reply.

Its a quick way to go broke.

Here’s my quick look at the BRRRR calculation:$220,000 ARV x 70% (All-in Costs Target) & Refi LTV = $154,000- $35,000 Rehab estimate = $119,000- Closing Costs - Holding Costs = Maximum Allowable Offer (MAO) or Purchase price Your $165K Purchase price is already over the 70% (without Rehab, Closing, or Holding Costs).  

I stayed away from the MLS as the numbers weren’t as promising (for obvious reasons now, but did not know when I first started).

What would a quick estimation cost be?

There has got to be some requirement of accepting help and working to solve problems whatever they are in exchange for the help,  and those who won't take the trade should move along and accept consequences for any illegal activity until they see fit to change their minds.What I don't get is that the city has a lot of surplus land -- and a lot of people with a lot of great ideas to quickly build a class of housing someplace between a glorified garden shed and a 200-300K or more per unit "affordable" housing complex.   

@Adam Horvath Used containers have a few negative things go with us (you could do some quick google search to know more).

The training in the Luxury Home-Sharing industry they’ve provided us has not only been adequate, but has FAR EXCEEDED what was promised.

So I was hoping to share with all of you and gain some advice and perspective on whether this is a promising flip.