New apartments are going up right alongside those old duplexes and are renting for twice the $/SF.

It's as if you personally put money into the deal along side the entity that is your self directed IRA.

t rent it.I ended up getting a skilled tradesman in each house.one guy is an actual house builder that hit bad times during the recession the other guy works with his father installing and remodeling bathrooms and kitchens.both these guys came signed the lease on the first tenant I allowed him to move in with security plus 200.00the difference was the paint and drywall repair and cabinets stained and house cleaned. that I would have paid someone else to do out of pocket which I didnt have.gettting that money allowed me to take care of a 350 plumbing problem and a furnace issue that came upthe other house the guy moved in for security plus 300 for the first two months less than half the actual rent because he is going to do all the painting and the bathroom remodelsome drywall repair and hang ceiling fans.he is working alongside my contractor and my contractor has now gotten a new partner and he has okayed this guy to do the workall things worked out.and now my two houses have some capable people in them who wont come crying everytime there is a minor problemI know this isnt the ideal way to do business but I sort of started out over extended.

The metric that I use to screen flip projects let's me see a current value estimate alongside the listing price.

We spent extra time with a mini-excavator because the house was so close to the neighbors (careful work takes longer)... also we had some hiccups with our dumpster company not doing what they were supposed to, so we had the machine on site longer than it should have been.This house we hired out the demo but provided dumpsters.

If it hiccups, they also have a vested interest in getting it back on track, since they know that if we have to buy the note back, they’ll lose money.I hope this helps to clarify some of the confusion surrounding the warranty on Performing Notes.Best,Dave

As a new investor, what if sellers or buyers ask questions like what houses have you bought in the area?

With a deal that tight, its really easy to have a minor hiccup turn this into a loser.  

I would probably hire 3rd party management but I would act as my own general contractor and I have a few people that would work alongside me in doing the rehabs.

Enough of the history lesson I am a Canadian national anyway so what do I know.When I received my email to verify I came back to fill out the user profile and low and behold again I had a little hiccup.