We plan to finish rough electrical and plumbing and have walls up in 3 weeks.

When I finish renovations I will refinance with a conventional loan.

Purchase price: $1,228,800 Cash invested: $45,000 4 unit with a bonus 5th unit (finished basement with 2 bedrooms, 1 bath, and complete kitchen).

The Tech kid sees some of the property related excel on my desktop & tells me he's finishing the basement on a rental he just bought & also mentioned  being 'indoctrinated' by the successful stories he reads on a thing called BP.

West side of Cleveland, Oh9500 lorain ave cleveland oh 44102Needs FULL rehabComes with paved parking, very RARE on Lorain ave, also come with drawings and plans, over $20k value13 x 1 bedrooms ($600-650)2 x Efficiency ($500-550)1 x 2 bedroom ($800-850)When finished should bring in 9-10k monthly gross ( do your own DD)Asking $499,999Message if interested, won't last long!

Usually, in my area, new construcution tends to go for more depending on the finishes.

CashApp, etransfer, they can go to the bank and make the deposit themselves (preferred method) & I’ll take any other form of payment that transfers money from them to me 😆 I am planning to switch to an online system as soon as I finish taxes.

Understand what finish level gets you what price point and when amenities are a waste of money and when they are not. 5.

As @JD Martin has pointed out, a main concern that you should have over scraping a popcorn finish is that if the finish was put in pre-1977, there's a good chance that there's asbestos in it. 

Initial Down Payment: $63k (Lines of credit on our personal properties)Initial Loan: $420kConstruction Loan: $140kLOC injected for additional remodel $40k - we realized we could get more rent for an additional $10,000/unit to spend - washer & dryer in-unit, nicer finishes, and upgraded bathrooms.Cash injected for additional expenses: $20kRefinance after stabilization: $460k at 5.75% Int. for 5 yr., 20 yr.