I'm am just learning real estate and working towards my first deal, so I have no idea what kind or cost or headache it takes to split the parcel.Based on Robert's comment, it would seem that the building may appraise higher on their own individual parcel than on the single group parcel

After thinking on it a bit more, I am going to look into the feasibility of a rent by room strategy to increase the cash flow and speak with some lenders to learn more details about what I'd need to provide to be able to consider these rents in my DTI calculation when I am qualifying for the next mortgage.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

I have a primary, and just researching and learning about buying my first investment property.

Hi All,  My wife and I are just starting our journey into rental property ownership and look forward to learning from you all on our way.By way of introduction, we are empty nesters with 2 adult kids in NW Wisconsin.Best Regards, Tracy

I am seeking to grow in my knowledge of strategies and learn to apply them in order to begin building my asset column and investment portfolio.

If I were you, I would stick to the better situated markets and if the flip model is not working, focus on different strategies until you can make it work with necessary margin (especially on your first project where there will be a learning curve).

I’m excited to learn and evolve from you all and I’ll glad accept any words of encouragement and helpful resources as we start out :)Have a lovely day all!

Hi BP Community,I'm starting out my learning path and I've read the Ultimate Beginners Guide and have been listening to the BP Podcast starting from the old episodes.

I am starting out and trying to learn as much as possible.