That old home is about to turn into a rental if I don't get someone on the hook.Hi Troy -Sorry to hear you didn't have a positive experience.

I am looking for suggestions to help me move this forward or if anyone has an experience to share that i could learn from. 

pretty much spot on with the experience I had in mine.

I’m curious if I’m speculating too much or if my lack of experience is showing.

Hi Nick,Did you have good experience with contractor you selected and would you recommend doing a sewer line inspection for duplex or triplex?

In my experience, they react differently to somebody that's part of a business than "Danielle my landlord." 

Someone with some good experience, I would anticipate 10-12% interest only for 6-12 months with varying degrees of lending to ARV.

@Justine Phillipson: I've been researching turnkey options as a way to get my feet wet in other markets, get some experience with some positive cash flow, then dive into other aspects of investing that we enjoy. 

Hi @Jessica FrancoGreat to hear of your interest in property back home.From my experience (we own a company called KOURO here in South Africa) it really really depends on the strategy you hoping to focus on, the area, purchase price and what value you can add to that property - as discussed everywhere on BPWe do flips, multi-lets and now recently starting Developments.Our returns are really good and we give great returns to our hard money lenders of between 15-20%.We are quite happy and believe that the property market here, if bought right, will last through any down times.

Ask how many units they manage and how much experience they have.