The 203K loan program can be tricky to navigate so just be prepared for a lot of work.

How much do you actually need to know to successfully navigate through deals and best serve the customer?

How do we navigate this impass? 

Has anyone used this platform? Likes, Dislikes?Looking to switch over, looked into buildium and not enough units for appfolio.

I can model a deal no problem and tell when the numbers make sense, but I need some suggestions as to how people navigate financing in low cap rate environments where even crappy MF properties are going to run at least 350-400K per unit.

How does one navigate these issues successfully? 

Has anyone navigated a similar situation before?

Let me know if you have any questions navigating the site or getting the most out of BP.As an out-of-state investor, I would caution that your list of areas to invest is going to be smaller than a local investor or smaller than even some local property management firms would be willing to manage.

@Jennifer Stillman Two of the major issues you'll deal with will be, is your lot big enough for the new parking requirements (with the 3rd unit), and that you'll need to confirm to 3-family fire coding rules which will mean hard-wiring the detectors so they become interconnected, which can be some expensive electrical work.You can view the zoning ordinances for Providence online but like most zoning rules, they're a little terse and hard to navigate, at least until you get used to them.I would not plan to try to find a 2-family you can convert to a 3-family because it's an uphill battle.

Definitely would like to thank anyone in advance for taking the time to visit this discussion, hopefully as I navigate through this forum I will find the guidance to gear me towards the right direction and eventually be able to provide that guidance for others as well.