The more you know about what is involved in renovations and repairs, the better suited you will be to take on any project.But, real estate is capital intensive.  

Quote from @Herrison Sitorus: Hi all,Recently got involved managing a rent stabilized property.

This was an off market deal that was completed without realtor involvement.

Thank you Joe, if it was just me, I wouldn't worry but I have 2 of our kids involved so I don't want to screw up for them and I don't want to screw the renters. 

@Jonathan GreeneThe short answer is it will depend on a few things like the tools and listing platforms that you're usingMy current workflow involves many tools (including Monday.com, Baselane, and Furnished plus other listing platforms).

I would add:Over-leverage: seeing people get owner finance and someone to toss them a total of 100% financing plus the costs of renovation sometimes crushes them even if they come in on budget and have the right ARV as they miscalculate the time it takes to sell as well as forget about all the other costs involved in a real estate transaction.

@Williams HerreraStarting investing in real estate involves education, networking, and setting financial goals.

@Kristee BadetHouse hacking involves living in a multi-unit property and renting out others, potentially offsetting mortgage costs and allowing savings for a personal home.

We solve problems that happen to involve real estate.

This outcome reflects our effective project management, targeted renovation approach, and strong collaboration with Ron, culminating in a profitable deal for all parties involved.