Looking to see if anyone has a basic template of an operating agreement for a business partnership of two parties involved in the fix and flipping business?

Having dual licenses, loan origination and real estate, has got me involved in most parts of the investment transaction.  

Personally, I would never invest in a place I didn't even visit and also meet/interview the people who would be involved (agent, manager, contractor, etc.)

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

It's important to consult with an attorney or an accountant to determine whether an LLC is the right choice for your specific situation.You can reach out to me and my team who can guide you through the process and help you navigate any challenges that may arise.

It reminds me of the Charles Schwab study - their best performing retail investment accounts were from dead people that never closed out the account.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

It's pretty much already been said...normal wear and tear for small picture hanging holes...cost to repaint entire unit needs to be accounted for in the total rent from a 1 year lease.

And that’s not even accounting for the countless hours spent managing the properties.

For seasonality, I take into account holidays and local events that might drive demand.I'd be happy to connect for more ideas!