But, of course, with our mind set on building a rental portfolio, and the market we live in, it didn't make sense not to add an apartment over the garage to create cash flow for the mil to cover her expenses and travel as she's always wanted to.So, here we are, moving forward, plans in place, ADU permit acquired, ready to break ground and having trouble getting the Mil financed.First attempt was to get a Heloc loan, keeping it separate since she has a great rate on her first.

U just need a set fee.just like when realtors or wholesaler want to sell low value assets they put a set fee on it.so take a 40k loan how can anyone stay in business at 2 points and few set up fee.s  that not much more than 1k.. and if the loan went bad you would be out a ton of money..  

However, the benefit I have right now is the fact that the rents are not yet registered with the town.So keeping the tenants as is with the low rents will set me up for low rent registration.Instead, I would rather get them all out, do the necessary renovation, including separating the boilers, this way each tenant pays their own heat and hot water.

I am getting set up to buy a flip deal that I would like to turn into many more to follow! 

Then if those numbers all come out for what they want for the property and gives you a nice profit on the whole deal then offer them some cash.You can set up a table for the areas near your investment area, This would give you a quick go to chart. 

I read this section over and over as it gave at least a road map to how the domino's fell the last time we had this collection of challengesSecond Ray was big on the following process: Set and Execute on Audacious Goals, Fail, Learning Principles, Improve, More Audacious Goals ... cycle continuesIn the end a great read and again I find it so sad that I had not heard of Bridgewater or Ray Dalio before I picked up his book.Z

Either incentivize people to move their homes to the park, most likely by footing the moving and set up costs, or buying the homes yourself and selling them like @Jay Hinrichs suggested.

I live in a Boston suburb and plan to buy a property in this area in a B class area which I expect to run me 500k+.I plan to buy something that needs work and plan to have 10k set aside for renovation and 30k for a down payment as well as some reserves.

After reading Brandon and Heather Turner's great book on managing rental property we are working hard on setting our business up as they recommended.

So the price floats up or down, but I do set a minimum price number, but always a price that a bank's appraisor would accept.