Quote from @Mani Sundaresan: If I’m financing a rehab project with a hard money loan, do I still need to issue 1099-NEC forms to my contractors—given that the funds come from a loan, which isn’t taxable income?

Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

Would love to hear an update on your progress @Bree Jimenez  did you move forward on a project?

I am looking to connect with people in the industry who are proactive and looking for their next project.

My family also owned a construction company, so I have some experience in handling projects associated with real estate. 

Use tools like AirDNA or Mashvisor to provide market data on projected rental income and occupancy rates, and make sure your lender works with appraisers familiar with short-term rentals.

A partial renovation turned into a full-scale project, doubling my $10,000 budget to $20,000.

Investors can expect an unprecedented projected profit of “32.89% cash flow, 48% return on sale, total return 81.38%,” (28:12).

There is a catch - the couple wants to 1031 the funds into their sons next larger project which is TBD.

If I'm correct in my analysis, then I'd guess I'm also looking for a mentor if anyone is willing!