I see people doing this wrong in Michigan constantly.

That'll help you figure out what direction to aim in before speaking with a bank to figure out how much you can qualify for. 

This will be my first home purchase, and I am aiming to invest in multi-family properties.What should I be aware of when purchasing a multi-family property?

Hello BiggerPockets Community!
I'm excited to join this group of like-minded individuals passionate about real estate investing. As a beginner investor based in the Seattle metro area, I'm eager to learn from your ex...

I am not preticuarly brand new to real estate as I've done 1 house flip before and 1 brrrr here locally to me.To begin, I’m aiming to tackle two single-family BRRRR projects in the Jackson County, MO area.

Quote from @Jaycee Greene: Quote from @Devin James: Quote from @Jaycee Greene: Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball Hey @Devin James.

Quote from @Matthew Posteraro: Me and my wife are aiming to start our real estate investing journey with our first house around June/July in the Lehigh Valley area.

I never was able to coordinate a consistent quarterly meeting for planning, I never knew who to contact because they have multiple levels of their workers and people were constantly moving in and out of the organization.  

Every little thing in the project should be in writing, even down to the door stops :-) See my tile spec sheet below ...Two problems with your post though - 1) In my experience, most problems come from the customer changing their minds constantly.

Its not as easy but once you are up in running you are building a brand, equity in your business, and also constant flow of leads.