My adult children have 9 properties now ~ they advise me to buy a few rentals to provide eventual income supplementation after I retire. ( Who wants to be the retiree wiping tables at McDonald's ?

Do you have to supplement with other apps ?

The letter stated he was obligated to tender a defense for the buyers due to the statutory warranty deed and to contact the office immediately.We contacted an attorney on his behalf and he sent off a letter to try to figure out what next steps would be.

It sounds like they found a problem, fixed it, and got it re-certified.Here's the massive red flag.I emailed my contact at the turnkey company and asked for the documents to back this up specifically, the invoices, scope of work, and the transferable warranty if any for those "foundation repair efforts."

From an investor standpoint, when you factor in lower CapEx, warranties, energy efficiency, and potential rate buy-downs, new builds can actually offer better risk-adjusted returns than older resales.

Then he will put in the supplemental later.

I actually know of several new builds in Birmingham that come with strong builder incentives - move in ready, tenant ready, so you can start cash flow almost immediately.This approach lets you:Leverage your construction knowledge if you want to do minor improvementsAvoid the headaches of rehabbing older propertiesTake advantage of incentives like closing cost assistance, builder warranties, or discounted upgradesFor your first deal, I’d suggest:Narrowing down 1–2 neighborhoods with strong rental demandRunning the numbers on cash flow, vacancy, and property managementWorking with a turnkey property source company to help vet propsAlways happy to chat more about what has worked for other investors.

Fannie Mae and Freddie Mac make multifamily particularly attractive compared to other CRE asset classes because they offer some of the best terms in the market—longer amortization, fixed-rate options, supplementals, and generally more favorable underwriting.Another key difference as you scale into MF is how lenders underwrite the deal.

A contract for deed THEORETICALLY works differently, in that since the warranty deed is NOT recorded there’s no need for formal foreclosure - but in the last 20 years various states have passed laws and or regulations providing contract buyers with greater protections that may necessitate foreclosure or “foreclosure like” proceeding in order to gain “ownership”.  

Those quotes can be fair for a 4‑zone retrofit without ducts, but only if the scope is apples to apples: line-set lengths, BTUs per head, brand/warranty, electrical, condensate pumps, permits, and wall patching.