To answer your question on financing, most fixers unless strictly cosmetic will not qualify for conventional financing.

I would add that the Regulation D, Rule 506(b) exemption from securities registration allows investments from up to 35 unaccredited, but financially sophisticated investors whom the syndicator personally knows.

I can undersand it being less risky then a 20 or 100 unit (strictly based on not going over your head in cost).But a 3 or 4 unit isn't substaintially higher then a SF in most areas around here.I see the Single family being more risky because if you don't collect rents or your tenant leaves without notice you are coming out of pocket for debt.

We interpret "ad" very strictly.

Be careful about charging for a service or product that requires a license or is regulated, selling that service or product for a profit puts you in that business!

I’m ignorant when it comes to accounting…Does anyone have a P&L template that’s best for a strictly wholesaling entity to present to third parties accustomed to reading P&L statements?

Just be aware of lending regulations, best to have your docs reviewed by a good real estate attorney.

Hi Steve, I couldn't agree more; however, my custodian adheres to a strict code of providing no information when the term 'tax' is in the sentence.

I review hundreds of CRE loans as part of my 9-5 job as a bank regulator, and the non-recourse route would definitely allow you to do a lot of deals with a single, strong guarantor..

Remind the tenant that there is a strict "No pet policy" and that he will have to pay an additional $50 a month for each rat until he gets rid of them.2 birds one stone