We agreed, and then they informed us after the fact that the cost end up being $2,000.00 because it was "so dirty." 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.

Since rental losses are typically passive, the best way to offset W-2 income is through Real Estate Professional Status (REPS) (750+ hours) or Short-Term Rentals (STRs) (100+ hours and more time than anyone else managing the property), which allow real estate losses, including depreciation, to offset active income.A cost segregation study accelerates depreciation, generating large upfront deductions.

.👉 Adjust your expectations—this business is about consistent effort, not overnight success.2️⃣ INACTION IS COSTING YOU DEALSEver stare at a lead and overanalyze every detail?

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

These traditionally have lower rates than cash-out refinances and will only cover your existing loan amount + closing costs, so you'll need an existing mortgage for this type of loan.4.

In my market the valuation with f/f non commercial financing is typically lower than the hands off cost of adding the ADU.  

I am not familiar with any HML on a fix and flip that would not want an appraisal as well as an estimate of costs.

Hey Christian-  I understand the higher costs associated with private or hard money can be a mental roadblock when it comes to investing.