I am about to break ground on a project in Orono.

It's all about putting in the lease or contract what you expect from them, and if they break the contract, you can evict them.

If you let your cash get low all heck seems to break loose. 

At the moment it’s running good at 99% occupancy but with expenses and with a low income rent cap its not making much profit or just breaking even.

I’ve also heard that double closing can be done without breaking any laws, if this is so, as mentioned above, I’m a newbie, how is a double close performed from a pro stand point?

thank you for breaking that down. my biggest take away from learning about the double close was that if it came down to EB not at ease about me making say, a 20-30k wholesale fee, a double close would leave my fee undisclosed to EB. but like i said the process seemed pretty face paced so i wanted to be clear on that and not get into a situation where i opted for a double close then was like..

This ultimately led to me offering them the opportunity to break the lease early which is fine with us; the unit needs updating and sooner is better.

if that's the case, having an extra 20% in the deal from either buying low or adding value will be a big help in weathering the storm. this will make it that even if you ahve to sell, you could still earn some money or break even. additionally, with a multi it's generally more of a cash flow play, and if that's the case an economic dip won't be too big of a deal if you are cash flowing an acceptable amount with a buffer included. lastly if you get into a deal and have extra equity, you could bring in another investor in the future and "sell" the extra equity to them, while still staying in the deal. there are other options, like subject too's and rent to owns that may work here but for me buy low is the best defense. 

Am I right, or am I just more aware since I am trying to break into the market, too? 

Hey Guys, I will be breaking down my deal in Sioux Falls, SD that I am currently under contract for and would love some advice/opinions while I am in my due diligence period.