Here are the size and rents for the units: 4 family:1 3 bd @ $695 p/m1 2 bd @ $645 p/m 2 1 bd @ $525 p/m = $1,050 p/m Now the deal becomes interesting, because the duplex is not finished.

Here are the size and rents for the units: 4 family:1 3 bd @ $695 p/m1 2 bd @ $645 p/m 2 1 bd @ $525 p/m = $1,050 p/m Now the deal becomes interesting, because the duplex is not finished.

The routers we use are capable of both layer 2 & 3 segregation and we provide each unit with its own isolated network segment.802.11 (WiFi) becomes problematic as the size of the building grows:  if you have 6-tenants, each with their own personal WiFi network the interference is tolerable, but once you scale to a 20+ units the tenants access points will be fighting with each other and there will be a lot of RF noise.

And they include branch managers of medium sized mortgage copanies, successful and heavy hitter real estate agents, and very successful large Escrow Co. owners.

I'll bet there are tons in California. 

I came across a wholesaler/rehabber in Texas who has made the following pitch; Description: Under market value fixer upper 4 beds 2 bath, 1078 sqft, lot size: .13 acres, yearly taxes: $1,200.00, estimated insurance: $750.00, estimated repairs: 30K; central hvac, flooring, update kitchen/bath, roof, interior/exterior finish.Price: $49,000 CashARV: 109-115KExit Strategy: Owner Finance with 30K repairs: 5k down, $1,095.00 monthly P/I, 30 year amortization, 10% interest, Price: 109kRent with 30K in repairs: $1,095.00 with section 8, no need to chase the monthly payment, Housing Authority pays direct deposit to your account.He is recommending a cash purchase but also has a lender who does rehab loans.  

Shall we bet a beer on it?

It seems to me like that's my best bet if I plan on having many properties in Virginia.Alex Day, I would absolutely appreciate keeping one another in mind to see if we can get something done in the future.

Profits from short-term flips will be taxed similar to ordinary income, so you might be giving a good size chunk of the profits to Uncle Sam each year.

If you install, I wouldn't give access to tenants to monitor, We had outdoor cameras at a big complex I managed, people knew how to skirt them and was only the stupid ones that were actually occasionally caught, we had one in the pool area and that we used alot to monitor the swim area where it made sense.But they get wise, they rip the cameras out, or bust them up.I couldn't really see a reason for your size property,, I actually think it would make new tenants wonder why you would need them, as if the area was a WATCH ZONE..