Because we sit on a hill, water was passing over the existing swale and coming into the basement.  

I have a few questions just feel free to answer the ones applicable to you or all of them :)My question for all of you seasoned or not investors...Since the existence of BP do you believe you will not need to be trained by a "guru"?

I believe that cap rates are important and cash flow is king.My thought is that constructing a new multifamily property will be more attractive to renters rather than offering an existing 'older' unit.

It's not to say you can't succeed, but the risk vs reward (10%?)

Is there a limit on how many existing mortgages or financed properties the lender allows you to have? 

It's a rather obvious existing problem for which  the economics make no sense whatsoever.This is like asking your auto insurance company to insure your car with major damage after a big accident has already occured. . 

There would be existing foundation for the new construction to sit on, but otherwise it would need to be totally new, we'd either match the existing wood siding or go with shakes on the rebuild. 

My goal is educating investors  so they are  rewarded and to ensure the public is not harmed.

No risk, no reward.

I'm interested in rehabing properties and owner occupied benefits.I am very appreciative that this community exists.