Purchase price: $850,000 Cash invested: $140,000 Sale price: $1,476,500 Source: Cold Call12 unit multi familyPurchase: $850kLoan 1$250k 1st position loan (down payment to seller)2 yr balloon,12% interest onlyLoan 2$600k 2nd position seller finance3yr balloon, 0% interest, 30 yr am, 8 month deferred paymentsThree 4 unit buildings.

Payments started getting late in October, and then March's payment was returned for NSF.

Everyone has their own process, but I recommend starting in excel with a unique ranking system based on the inputs that concern you the most.

Also look into the Milestone Survey (law for FL when condo building collapsed in Miami.) 

I was able to get proof that my properties are on the up-and-up for lead levels, if I were to have had lead issues, it would have been a lot easier to address and remediate them while my properties are vacant vs occupied, and I'm protecting myself as an investor from potential headaches if the city does in fact start to enforce having this certification prior to evicting a tenant. 

Good evening all, just getting started in my journey.

My name's Hunter, and I'm excited to get started being a property manager/co-host/host for short-term rentals in the Orlando area to start.

The primary problem is that building a single small unit is near highest development cost.  

@Jan Neruh KelseyIf your just getting started, you should be fine with the following: 1.

But if you already own the home, if you have a skill set that compliments theirs or the downpayment money, their experience may be leveraged to finance the deal.And there is always the "friends and family" approach of trying to get one of your relatives to put up the money, either as a loan or equity, to get started.