Thank you All - it's more of a traditional deal ie. going the route of a typical investment that will cashflow just a little in our market (MA) with 25% down - for us it appears to be a good long term investment if we had the 25%.This particular one doesn't need rehab so no BRRR strategy here.I'm curious if there are any other strategies that could be used to paying back a private money / hard money lender after say 6 months with this type of scenario? 

@Harry Gamble The cost of insurance will vary greatly based on the individual property types, specifics, and locations.

I've only been to Delaware once and it was just to visit my sister when she lived up there and just from my memory it seemed not the type of area I would be interested in.  

I am also a higher end type, so you may not need to go as far as what I typically do.What I can tell you is that contractors generally have to be dealt with very aggressively as business partners.

Just make sure the property management company has experience in that type of project.  

This is my first time getting involved in this type of investing so I appreciate any feedback.Regards,

You might look into form some type of corporation or a LLC depending on your financial wealth.  

Anything larger or a reasonably sized apartment complex is not that common.That said, we do have lots of pretty large MFR communities in South Bend and Mishawaka so there is a tenant pool for that type of housing.

If I have the painters paint the cabinets what type of primer and paint should they be using so I can make sure they last and can hold up to renters?

what type of properties do you have (i.e.