@Jason DiClemente I love that you are involving your children in you investing!  

The city is also working on another ordinance that will make it easier for tenants to report  substandard conditions to the city and for the city to be able to require the landlord to improve the conditions, or risk having the property boarded up.

When asked what happens if some parts of the work come it at a lower cost, he said that would be his profit and if it's higher, it would be his risk.

it seems like the partner with the mortgage is taking on additional risk and not allowing him/herself the opportunity to finance other deals in their name.

Plus 50% of any increase in the price, if there is any.Most HML look at 12% with less risk (70-75% LTV vs. your 100%).

Aside from that you may be stuck having to save up the money for a future purchase to keep your risks as low as possible starting out.

Tenant screening has become extremely important and zero risk screening is necessary.

The builder's risk and vacant dwelling policies are expensive and cumbersome to get for each property individually.

And thanks for reading, I hope it gives newer investors the confidence they need to jump in and take the risk!!

I am involved with all aspects of the company.I have come to BP because I am looking to network with/learn from successful real estate investors.Real estate interests:Flipping Spec homesRentalsI also have my construction supervisors license.