my only slight variation is we build new home communities and we are one of the few that will deal with VA loans.. my wife and I believe we owe it to our service men and women to allow them to use those loans even though they are more time consuming for us.. but on the new construction the inspections are no more daunting on older homes it can be a challenge.. 

After a long 4 to 5 month escrow we finally got the keys and started tearing things apart.  

I would like to get more passive income and considering multi-family and apartments.   

I have an opportunity to purchase 2 multi family apartment buildings. 12 unit with 9% cap rate, $400K and ~$110 per door monthly cash8 unit with 10% cap rate, $300K and ~$110 per door monthly cashSeems to be after all cost a ~3% return on debt investment.

Let me know if you would like to be a part of it.

Here is the info, Price = $840k (6 units)**Gross Cap = 9%** *$75600 gross income* potential Brand NEW apartments!!

I provided the inspection report from previous prospects, so they know what is expected in that regards. 

The fees are $20 permit application, $20 for the inspection, and $150 for a RE-inspection if you fail the first one.  2.

A hospitality motel has gone up for sale near me. 9 units of around 550sq ft each and an 1800 sq ft office space.  Has anyone converted one of these to efficiency rentals? Will the property type need to be changed leg...

I am willing to go out of state...though I liked the thought of being a day's drive from a visual inspection.