Part of that rehab is that the units are currently two bedrooms but HUGE so we are turning them into 3 beds AND putting hvac that runs into each unit and sub metering water so that the tenants will pay all utilities. 

we are not closing, and now he is going to sue.  

Currently, I have a good credit and we are working to increase his.

@Dan Heuschele I think we are on the same page that even the rough parts of San Diego are mild compared to some of the larger cities, I just don't want people thinking Logan Heights is anything like some of those areas you mentioned.I feel pretty optimistic about the potential in the area, you should check out the San Diego City revitalization plan for Southeast San Diego if you want to see what might be in store for some of these areas. 

We are in the process of revamping/improving our Inspection process.

We are investors after all! 

We are committed to flipping several houses per year and growing our rental portfolio significantly over the next few years.

As long as the banks will continue to lend us to build our fourplexes we are forging ahead..we live in a stable area in Texas, we have 2FT employees, I still work FT as a nurse.. 10X rule;)

@Stephanie PotterI have been up front with my lender, she knows what we are trying to accomplish.Since then we have been able to work things out properly.She even says she can help me with a re-fi when that times comes, and has even gone over those fees.Thank you for your feedback.

My investing partner does not think we need to budget for Cap Ex yet because we are making a lot of heavy repairs from the start and she wants that extra cash flow to roll into future properties.