This sounds to me like a normal deal in lots of the "up and coming" dc neighborhoods like Columbia Heights (full disclosure this is where my house is), H st, Adams Morgan (although I think we can all agree adams morgan is never going to actually get out of the up and coming phase), etc.TL;DR I would bet this is legit.

@Toni Fowler Your best bet is to start attending some local investment club meetings to network, learn, and ask questions about the market from folks that know it well.

The sit-down is your best bet.

Private message me if you want to go to coffee some time.

If you live anywhere near there I'll bet you already know the war zones.

You bet @Mike ToddAnother thing to remember is this, your Broker will only get a portion of the commissions you are paid.

:)If you are going with some kind of commercial construction or rehab loan or have private/HML in place none of that is relevant.For the multi which of those units will you be living in since you will need to reduce the rent roll by that amount.

I have private money avail if I need to deal with DOS being called.

I'd bet the majority of people here still have a full time job.

That would be a nice monthly payment.I'd bet you can get the taxes down from $2200 to $1500-$1700.