That can give you the cash you need for the second project.  

The first from market supply/demand fundamentals, the second from asset repositioning.

The second one pretty much insulted me by telling me 'a lot of people watch HGTV and think they can get into RE investing', without even asking about our experience in RE investing. 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

The seller will have to be in the second position meaning that if the bank forecloses, the bank gets all their money first and it there is anything left, the second position, in this case the seller holding a note for 20% gets paid if their is anything left over. 

It has 2x8 ceiling joists on the second floor.

:P The second big paragraph above is mostly gleaned from just lurking in online discussion forums frequented by appraisers.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

We both know the only way to really do this is to essentially put a second (third?)

The second plex has slightly higher rents of $1,000 for two units and $950 for the other two.Expenses: Management fee: 10% -$368, water: $375 average.