You can also possibly rent it as is separately for another $150-$200/month especially if your comps do not offer garages.

I'm open to any advice that anyone here has to offer. have a great weekend everyone

Investing with foreknowledge that property values are falling seems like a timing problem or at least a situation where my offer would be reduced to reflect this coming change.As to how much to put in as a down payment that depends more on your numbers, your risk tolerance, ability to get financing, cost of financing, etc. 

I've been interested in REI for a year or so, and am only just now finding out about the BP community and all of the resources it has to offer new investors.

You said they have half the funds though so you are offering 50% leverage or are you offering 50% of the total project cost?

I've recently left my long time W2 job after my leave of absence expired when caring for my husband.

. - Increasing population is increasing demand - Labor trends seem to indicate that a large percentage of the "jobs added" in the jobs report over the last few years are works who are new to this country. - A dramatic increase in the supply of willing workers usually results in a decrease in hourly wages. - A dramatic increase in the supply of folks needing a place to live usually results in increasing home prices and increased rents.

from spending my last 10 weeks in miami looking at 500 land deals and making offers and doing underwriting on deals with construction values higher, the playing field above 10 million is so much easier and better and of more interest and separates all the newbies from sophisticated. at my level there is no reason to do small deals. the only multifamily I do under commercial at this point is a triplex we build over and over for out of state investors in Columbus Ohio which is just a unique little niche. tampa I'm not too familiar with zoning or rezoning but columbus is such an old city it has so many mutilfamily properties and rezoning is very easy to get the entitlements for ground up new construction.

Lenders can have limitations on those without a US SS # but others offer specific lending to 'foreign' nationals.

I have flipped a good amount of houses like this one (without the snow issue lol).Get 3-4 different contractors to bid the job and then get started on it ASAP.