I am happier building investments a more hands off way.The main difference is economies of scale.

I would like to find out a more specific definition / classification of what exactly constitutes a multi-family dwelling.The terms dup-lex, trip-lex, quad-plex, 5-unit +, apartments, etc. seem to wear many different coats.For example, I would see a building like this and when I search on the county's zoning map it would be defined along the lines of a "low-rise" apartment: I see many small units combined into one single building with various access points.However, I also see other locations / neighborhoods that are filled with only SFR's and straight-forward duplexes.

Sandy, I guess you're asking how to approach possible HML types.Is you relationship with these people a more professional one or are you friends?

It seems to me a more accurate record of time taken to build would be total project manhour.

Federal Pacific breakers have a more than 30% fail rate on direct shorts.

A purchase transaction will have a more favorable interest rate in connection to the Loan To Value than a refinance.

My comments here are not meant to sting anyone, it's that the scope of the topics was eaiser to comment in a more direct manner and perhaps due to the fact that agency relationships should be well understood, it saved many words to an already long post. :)

But a more specific one is very state specific.

Thank you for the replies so far.I didn't list some expenses because I have no idea how to speculate what they might be.Rent comps are $1100-1300 I have someone getting me a more exact of what the poroperty will rent for, although I really like your idea Matt.I also just got good news with my lender that I can now lock in a 15 year fixed at 3.8% and not mess with the previous ARM.I am heading to Omaha next friday to walk thru this property with my uncle.

I'm just looking to gain a more detailed view of an alternative to being a lender.