For instance, in Sacramento the auction/bidding is done in person, on one designated day, and the property must be paid for in full immediately after that property is bought (they won't even start auctioning the next property until you pay for the one you just bought). 

(2) What is specifically written in your contract with regards to the plans/design?

Reverse mortgages are designed to separate you from your assets.  

For example, In 2021, I exchanged a lower performing rental from an "ok" area into a brand new property in a good area with good population growth and potential.

But don't forget to account for all the soft costs (design, permits, engineering, holding costs, interest expense, insurance, RE Commissions, etc). 

If he has a whole bunch of brand name mostly worn out tools thats your guy. 

Stop being AFRAID of success, stop finding excuses, just do it (as a famous brand would say).Having read all of this, how much money do you think I needed to close my first real estate deal and buy a 2009 triplex?

I've been reading lots of article on here and following forums and it's been incredibly helpful but I must say, I'm a little nervous and feel very green as I'm brand new at this!

I'm brand new to this, but I would guess those properties would be a good investment to rent until they appreciate.  

The kitchens are designed to have dishwashers, and I need to purchase some that are reliable.