With 17 years in real estate, we're all about empowering those eager to dive into local development.

My head is all over the place and I would feel more comfortable doing this as a JV being that it will be my first.

However, if you plan to rehab at all, you will then need a licensed contractor to provide bids on each project you plan to rehab.You will then be asked to provide a proof of any funds to close, purchase agreements, and if closing as an LLC - most times documentation on that LLC.Overall, the larger number of units (5+) makes the lending process based more off the property than the borrower, contrary to traditional single family housing.I would recommend you work with a Loan Originator/Broker who will be the medium for you to the lender/s.

The first prototype will have all specified fixtures, finishes and products as My wife and I like and approve.

That's how you buy D+ properties thinking they are Cs and lose all of your money.

I'm particularly passionate about Tax Lien/Deeds, Flip, and BRRRR.Outside of real estate, I enjoy spending time with my lovely wife and two kids, networking, and traveling.Excited to learn and connect with you all!

True foreclosures are all cash purchases so if you don't even want to pay $25 for a list or for access to a good site, you are probably starting a long climb up the wrong tree.

I ask this because upon looking around Zillow I found a "residential-single family" home that has 12 bedrooms and the description claims that all 12 rooms rent out and that it's already being filled for the upcoming college year.

My CPA is telling me that I cannot use the sum of all my rental properties losses grouped together as one large loss to offset capital gains of the sale of 2 of those properties.

All the more power to you if you figured out a way to solve for it.