Also, you will need to build a solid team, including a VA-savvy real estate agent.

@German Tapia here's some advice:1) Anyone that has to call themselves an expert - isn't.2) Many looking to help - are actually trying to sell you something (us included)3) Big difference between City of Detroit and Suburban Detroit area.

To make connections with other investors, real estate experts, and possible partners, go to local real estate investing clubs, meetings, and networking events.Leads/Properties: Explore via a variety of channels, including direct mail marketing, networking events, and internet platforms like Realtor.com, Zillow, and MLS, to locate leads and properties.

Finished the rehab on the first unit.  

Hi there I just finished a 3 year rehab.

I'd be looking to raise about 2 million and would finish the project within 2 years, then i would rent the apartments.

We haven't put in our offer yet or gotten an inspection, but were excited when we toured it yesterday and found it was in generally good condition and there were no visible or olfactory signs of water damage.My original thought was we could get a conventional primary home loan for the purchase price of the house and then use cash to finish it out.

This will give you an idea of the average sale price and what you can expect to get for the property if you make the necessary repairs and upgrades.Property History: Look into the property's history, including any previous owners, liens, or legal issues.

. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.

This is one of the main reasons people go with DSCR Loans or other similar options versus conventional - ability to do LLC, especially with the BRRRR Method (which sounds like what you are doing).PS - heres an article published on BP which includes pros/cons/differences on financing options for BRRRRR hard money/refis https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...