Calculating an average apartment size of 800 sq ft going for a median price of $750 a month conservatively.

With commercial lending for that size building, you may be looking at a 20 or 25 year amortization with a balloon payment due at the end of a fixed term like 7 or 10 years.

Second plumber eventually went on roof and found an appropriate size cleanout (it was covered) and got it cleared within an hour. 

In the last year and a half, I bought 4 OOS SFRs (3 turn key and 1 off mls), all are doing good for cash-flow. 2 are in Birmingham, AL and 2 are in Detroit, I am actively looking for the next OOS SFR, the cash flow is hard to pass on.My dilemna is should I go for the next level up and look into a medium size multi-fam (12-30 units maybe?)

Your criteria should match your investing goals.My deal criteria includes three main categories: Location, Team & Value Add.Location: Must be in a city that is growing in population, in a neighborhood that would attract good tenants, and in an area that would appreciate over time.Team: In order to do a deal I must be able to get good lending terms from my lending team, must have a property manager who can manage it, and an investor agent who can negotiate the deal.Value Add: A deal must have the ability to hit double-digit COC returns, allows for forced appreciation, and produce $200 - $400 net cash flow per unit [depending on size of property].If a deal meets all of the above criteria, then the checklist comes up during due diligence.

With my 4 person crew, a house your size may take anywhere from 2 days to 2 weeks.

Further, if you’re worried about ‘transaction funding’ costs – there are many title companies that now allow table funding (essentially you can use the funds from the second close to fund your first close)#4 Add disclosures to your Assignment (for buyers) and purchase contracts (for sellers)The myth that buyers will freak out when they see the large assignment fee that you’re making is misplaced.

A good lender and/or Realtor should have multiple recommendations for you to choose from.Once you get closer to the closing table, the next step will be to contact your accountant.

Remodel kitchenWe invest what we can and return more than any of our loans so we don't pay any extra principal down.You should maintain an ample liquid emergency fund, but the size of that is completely subjective to what makes you two feel secure.

I do have a contractor who does great work at a great price, but may need to outsource to a turn key GC for this size of project if I can.