On the other hand, if they are only 15 years old you may spread that cost over the next 5 years.Turnover costs really depend on the tenant quality and the length of time they stay.

It allows you to get great financing and be hands on rehabbing and managing until you can do it again.Fourplexes have the advantage of more leverage and smaller impacts on cash flow during vacancies.Start with talking to a lender. 

The bigger the project, the more room for things to get ugly, and you dont want to be stuck with a mess on your hands from biting off more than you can chew!

**Edit: It is also relevant to note that the true end goal of this type of setup to to get my private money investors (who know nothing of REI) to get more comfortable with my process and success, as well as, increase their cash-in-hand to reinvest in me down the road on much bigger deals.

You create a note, a deed of trust, and a handful of other documents that protect you as a secured lender.

On the other hand, if you have a considerable claim in the first couple of years, you might have to cough up a good amount of cash with ACV to repair the damage.We recently paid a claim on a 65 year old home that had a small kitchen fire.

Ideal credit score or capital on hand?

Sometimes the foreclosure process can be a little predictable but if you've got a good team monitoring your timelines you'll be fine.I'll reach out privately to put a paper in your hand that lays out a good road map of the 1031 process.

Then you will have to go to the property and review the footage if you suspect there was a problem.The great thing about having an internet connection is you can get real time motion alerts and you can log into your camera feed and see if someone was breaking into your place and call the police to catch them instead of handing them a video after the fact and hope they can find them.Either way I use a more robust system than the plug in play wifi cameras that are sold at Sam's or Walmart.I use  Digital Watchdog software running on a laptop and DW cameras.

Now I am listening to bigger pockets DAILY and reading every book I can get my hands on.