The purchase price was 78K and I put a very hard-earned 30K down with a private lender,a d financed the 48K for 1 year at 10%.

We are raising private equity through a Reg D offering as our capital source and placing agency debt. 

:D

The report showed year-over-year rent growth in Big D was 1.8 percent.

@Mckenzy D. first of all, you want to start marketing it ASAP.

In C and D neighborhoods some renters will “double up” and join with others to share rent if they can’t afford it.

If you're planning to lever up and utilize HUD 221(d)4 financing to build (vs. a construction loan from a bank) they'll want you to have a GC / Manager / etc. with HUD experience.Building is higher risk - but higher reward, and requires significantly more knowledge, expertise, and teamwork than flipping value add deals. 

A single solid B+ property is better than two C/D properties - you'll have better chance of appreciation, and attract tenants with more stable income- which means more reliable cash flow, longer tenancies, lower-cost move outs, lower risk of evictions, no Section 8 red tape, and generally fewer expenses. 

That can be use d for utilities

Does the board allow adding w/d in the unit?