For anyone else, they're just a pain.

thanks Jon, for that detailed post.I'd rather just go through the pain of getting permits than go through the worry of "what if?"

@Pedro Oliva My wife and I had the same challenge getting started, so I feel your pain.

I also found three houses on the same block that are abandoned and need lots of work.

Learn from other's mistakes...it's much less painful and so much less expensive.

However, if that newbie is ready to take on some of the pain and help them out, they get the help and you get what you want. 

Had I a clearer idea of what I needed in a GC and taken a couple more weeks to settle on one, this process could have been much less painful and more lucrative.

Right or wrong, those reasons were our motivation for looking at MF property.What we ended up buying was a package of 18 one-bedroom condos in a city nearby my workplace, from a landlord who had accumulated them in blocks over the past 20 years, paying $400k for the package.

I am not.Sellers seem to be liars.I am discovering after all this time in mortgages and being a home owner that I know nothing.I am break even on my home but the neighborhood sucks and any money I put in to improvements at this time could not be recouped at sale.I am looking to learn.I can offer extensive knowledge of mortgages so feel free to ask.I know Indianapolis well and currently sit on two improvement/development boards and serve as my neighborhood block Captain and Vice President of Riverside Civic League.Thank You,Aleks Gifford NMLS # 157855 1st Signature Lending LLC NMLS # 27820 (Inserted for legal disclaimer not as an advertisement.)

Block out a month on your schedule and enjoy.