I will also throw in I am brand new and looking for whole sale properties and properties I can take subject to and rent out.

A properly structured contract would allow you to take over conttrol of the project without foreclosure by shifting the beneficial interest from the investor to you as project milestones are missed.I realize this suggestion comes a little late in the game for your current situation, so give CRR a call, but before the next time look into using a land contract.

I've done multiple tear offs and you're budget (assuming a standard building on a standard 25x125) is in the $8000 to $12000 range depending upon the extent of plywood replacement and R value on the insulation you put in. I

Louis has high crime rates so you need to understand the area you are investing in. I

Strong bowtie game.....Welcome! 

Being I have been in the game for sixteen (16) years I understand it a bit better than most.

. :)  Part of this game is reading the thread.  

Figured nothing will happen till you ask for help and get someone to show me the right map to success in real estate here in NY.What I'm currently looking to invest in is multi families 5 units and higher.  

Maybe I will have to take more risk to get in the game.

We then decided we needed to get into the RE game because we didn't want to continue paying a mortgage for the rest of our lives.