Hey @Randall Prosise I would increase your Liability to 1mil.

You will increase your odds of starting and succeeding by saving up the cash you need for a DB (and a reserve fund) before you even consider risking it all. 

And would it increase financing difficulty as lender would probably prefer general deed instead as wellTIA for sharing your knowledge/experience on this

Is there room to increase the rent?

But that's for another blog.Thus it's important to run numbers conservatively with built in saftey for when the people move into the brand new A-class buildings increasing our "old" asetts' vacancy for a while only to pick up all the A-class peeps again, once they realize they can't afford those rents anymore, which will in turn have an effect on all rents. 

If you're looking at 5+ units, you want to compare across cap rates (NOI / purchase price) and opportunities to add value, increase rents, and decrease expenses. 

Affordable Housing Incentives - The city of Oakland will reduce set back requirements to build on a lot, and actually increased the number of permitted units above the zoning limits if you build a certain % of affordable housing units into the building, and commit to keeping the rental units in a program like section 8 for 55 years ( see here).

He will have strong rental cashflow and substantial equity gain from the forced appreciation as well as neighborhood growth and increased demand.

Happy to offer advice/ share experiences as well as looking to broaden my own knowledge base and increase my portfolio. looking foreword to making new connections and possibly even a deal or two.

Right now we have $160,000 and rising cash flow, not to mention we are exponentially increasing the value of these apartment complexes the Multifamily Millions way by David Lindahl.