@Jim Bouchard I think you already got the answer I am going to say, but I am also curious how the situation has progressed and what you did.

Sure, there are going to be people who fail but if you truly try and make your best effort and do your own due diligence by evaluating these properties, inspection, ARV, etc. and really learning the strategy of both BRRR and turnkey fix and flip, it will work.You need to build a strong and trustworthy team on the ground.People nowadays quit the second something gets hard.

Anyway, I just felt like elaborating and to emphasize that you have to evaluate someone’s situation thoroughly, and of the financial products and services available I would not label anything in particular outright bad, it just may not be appropriate or as useful depending on the context of the situation. 

Congrats on your progress!

John- the option I’m evaluating right now is to create new LLCs as single member LLC in my state and owned by a multi member LLC (my partner both at 50/50).  

Once you know the answers to the questions above, you can better evaluate bids you receive.

I’m so excited to be making progress and making my first few steps toward the door and hopefully within the next few months I’ll have my foot in it.

Thank you I would always refer people to trusted sources like @Brian Burke , who have a good reputation and while they have their own products to sell can help evaluate the claims made by another fund.

Paying too much initially can significantly impact overall returns, emphasizing the need for thorough due diligence and possibly more stringent financial analysis before purchasing.For future investments, consider leveraging local market knowledge further and refining your property evaluation techniques.

Assets should be evaluated on ROI and unencumbered cash flow.