Maybe you can pass it along to an investor that has the teams lined up to tackle that much of a job.

Conversely, as a local, it's a little easier for you to tackle a lower-end, higher-CAP unit at first and really keep your eye on it. 

If you decide to back out of the deal, you will lose that money, but if a home inspection reveals a bigger issue than what you are willing to tackle, you will get that money back.

I would usually tackle this type of minor job myself, I have already done so with a few other minor things over the past couple years I have owned the place.

Thanks,Kyle I get that spam for my brokered business, then you call them and the rate is 6.5% or 8% or something crazy, unless you pay 4 or 5 points to buy the rate back down, and oh look now we're basically right back at 25% down (20% to equity, 4-5% to fees).

Agree with the above poster. 7 months ago rates were around 7 year highs, right now they're around a 12 month low.If you don't want the volume of junk mail and spam to blow up beyond what you already get, call back the lender that helped you buy the home.

I usually advise new investors to tackle their research in this order: What kind of investment do you want?

My spam jumped up when I got on BP and started inquiring/subscribing.

However, it might be too early for you to tackle such complicated tasks like building new structure from ground zero. 

On a practical note, my husband and I have started using the Dave Ramsey seven baby steps method for tackling debt.