We live in Del Norte County, CA and the housing market is extremely tight. 

He was a new investor and a very tight deal. 

Cashflow will be tight until rehab is done and units filled, but I'm anxious to share more info about this project as we learn and grow in this space.

1031 out of commercial space and needed to buy multiple investments at once.

But that being said, there are many accountants out there who will let you do it as long as it is very tightly documented as an arms length business like transaction.

I wouldn't recommend my strategy to anyone not in my shoes, that of a handyman landlord building a small, tight portfolio in single-family and small multifamily in a Rust Belt city. 

If the numbers are so tight that a month or two delay is going to put you upside down on your flip it's probably best to find a project where the numbers aren't as tight.We've had many recent clients have their previous GC walk away from the project halfway through and then completely ghost them.

If you think you have tight numbers to begin with, also being in a state with unfavorable landlord-tenant laws would absolutely kill the deal for me....

They pay an additional $300 more a month now, but they love the extra space.

Would love to hear your thoughts on the following Multi-Tenant Office Space Deal that recently fell out of contract.