Quote from @Angelous Ultionem: That's what I had researched myself but recently I've seen people talk about getting another 100 miles from the first property.

One of the developers I work close with is getting ready to build 4 spec houses.

And is it a route that you would recommend?

I'm glad to hear the BRRRR strategy is alive and kicking as that what I'm currently trying to do!

Quote from @Treza Edwards: What expenses are included in determining cash flow?

The apartment building needs work all 4 units (60k) trying to decide what makes most sense.

What kind of documentation I need to get so I don't lose my capital.A neighbor of mine came with this ask of funding for building houses .

We would buy this house all cash. 

Let’s start with CompliancePrompt:[1] You are an expert in the federal and state taxation of landlords owning rental property [you need to tell the AI what is expected].[2] I am a CPA, with expertise in taxation of real estate [unless you want a watered-down response, tell the AI that you want a granular response][3] Use IRAC format [This is used by attorneys.

But what is wrong with a second position lien?