Any ideas on areas where you can buy 4plexs or duplexes built post 1960 for under 300k each, I know the midwest 8), a lot of multifamily properties are old though, any areas with newer multifamily that you recommend.

I'm a little confused on Phase 1 structure, what would be built that has 10 units?

I have one investment property right now and I want to look into using the equity we built up to purchase other properties but have no experience using equity to purchase like this.

I've formed my LLC, built a website, built most of my systems, and opened my operating and trust accounts.

I help them by making sure their first deal or second deal is built on solid footing. 

Primary residence is a coop that does not allow subletting.2. https://www.roofstock.com/inve...616 Wilbur Ave # 1Hammonton, NJ 08037Duplex2 bd, 2 ba | 1,108 sqft | Built in 1900Owner is responsible forRefrigerator, StoveTenant is responsible forElectric, Garbage, Gas, Landscaping, WaterINCOMERent$1,725Vacancy Factor- $86Expected Rent$1,639EXPENSESProperty Taxes- $292Property Management- $131Leasing Fees- $41HOA Fees- $0Insurance- $73Repairs & Maint.

As you grow, you will find the need to say “yes” to everything rapidly declines.

The only way to speculate an addition based flip would be if you’ve built several and “see” what may or may not be similar to comparable projects, and even then you need margins for significant error.

I have always done this with water/sewer in my units with their own heat bill since this is standard in my area, and did it for 8 years in my 4U with steam, the rationale being that the cost isn't what I pay, but the difference between what I pay and the cost built into the rent. 

Especially w first few deals, the sweat-equity partner may only contribute 30% of value, so 30-70 is the arrangement, especially if it's a short-term JV...I think we hear the 50-50 talk from established investors who have built a long-term relationship w investor-partners.Yes, we could get into the minutiae of tracking the dollar-value the "worker" brings to the table over time, which I guess is the spirit of the "mini-mortgage" approach: Estimate the value of their sourced-deal if wholesaled; set an hourly wage for office-work/time spent renovating; charge a leasing fee for tenant placement and 10% of rent or whatever each month for PM moving forward...