I made the choice to move to Huntsville, AL to strive for a better future.

I feel it would be good to have a seasoned vet in real estate to mentor me.I’ve discussed with others about utilizing my skillset to manage projects and even flip or turn properties for sweat equity/mentorship.

Set internal timelines on when you will have your drawings done for the new builds, selecting contractors, when you plan on having the project completed.

The cost of the materials was $1,500, and including labor I’d estimate this cost me about $3,000.The property manager never ran this by me or gave me an indication these project would be completed.Our service agreement is clear that written consent is needed when costs exceed $1,000 and in this instance these were not repairs and requirements needed to rent the property.

I calculate around 90k-120k per Multifamily unit.You can develop a strategy and a model unit and continue to make that same unit for the next projects.

Currently, most of my investment fund is with projects/deals in FL for a minimum guaranteed of 20% annual returns.

Here is the problem with owner occupied remote: 1. the house has to be inhabitable soon after closing or you will get hit with housing costs X 2 which probably makes qualifying a problem. 2. most lenders want a letter from your employer stating you can work remote for 36 more months in the future (few employers are willing to promise this). 

The property is rural so cost of utilities and development may be higher, but on the flip side there is currently no competition, extreme demand and very few other properties that could potentially compete in the future.

I am going to move in the SFH then rent it out both units in the future.

Looking forward to future progress updates.