The contractor also committed to informing me and getting my approval for any cost changes during the project.

Check the property: Make sure it’s in decent shape – no need to take on a major project right away.

Hey @Keenan Patton,This deal looks solid with a projected $60K profit, $435K ARV, and a $13K assignment fee in Northern California.

- Most real estate investing projects have negative cashflow for the first few months - if not the first few years.Keep listening to the podcasts, but pay attention to WHEN THEY WERE RECORDED!

People that are good at branding and review designation can bury those low reviews and I wouldn't want to own someone's reviews but I am not your audience as far as a projected buyer as we purchased ours for a deal and they are both higher end beach stilt houses that are side by side and neither had been listed as a STR on any platform, we built it up with a direct book site and also use the platforms as well as the local website in the area to book. 

You set the time limit for this clause, whether you want to be their source of funding for just the one project, for a year, for two years or forever. 

There are risks as you are tying up your primary residence in the project.

I was ready to surrender because the actual numbers sucked compared to our projections.

I had a few hiccups (the house had a leak and I had to get the ceiling replaced for the kitchen and so on) I made it work.

Expect delays and unexpected expenses: No matter how straightforward the project seems, having a contingency fund for emergencies is essential.Your Team matters.