I do generally agree with the sentiment of Austin and the other hosts that fundamentals will always win out in the long run, and this by nature is a long term industry, even the sales side I'm learning.  

Then reality hits and you find yourself in over your head.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

NAR Says - Existing home sales fall to lowest level in nearly 30 years and Median housing prices rose to a record high"The National Association of Realtors released data that showed existing home sales declined to the lowest level since 1995 last year, with 4.06 million homes sold on an annual basis.Meanwhile, the median home price median home price rose to a record high of $407,500 in 2024."

So even though our right better get half back then none and or be in the hole like your experiencing.

He will be selling the project to buyers once completed and not interested in operating.How should I evaluate this deal from an investment point?

Hi all,I am new to investing in real estate.

In my opinion disclosure is always the best policy in both scenarios. 

Hi All - I am considering to invest in Rochester.

We are literally one of the top wholesalers in michigan.