I understand what you mean with Baltimore being block by block for good investments.

Know how long it will take you to get title insurance for a resale.Also understand how you will have to pay.....typically cash the same day where I am....at some sales it is cash at the very end of the bidding on that one property....sometimes cashiers checks, every so often personal check, so chances there is no chance for financing. 

So here goes:I understand that as real estate investors, we know that it's about buying in the right market, with the right strategy and with the right financing.

You may position yourself for success and provide a solid basis for accumulating money over the long run by adopting a strategic strategy.Good luck!

I was under the understanding that I could do a room ratio and deduct 50% of the upper unit expenses.

Looks like a solid deal!

Here's a snippet from our starter course on becoming a Local Real Estate Developer and it will help you understand where the value comes into a development project to see how to weight the equity and deal terms based on the experience of the partners in the deal. 

I understand this is a personal risk decision and I'd love to hear pros/cons/things to consider from the Bigger Pockets community.

for the 500k and at that rate it should be a pretty solid deal unless it needs 50k of rehab or something like that.

In order to comment on the employee status, its helpful to understand more about your business, will send a direct message.