Anyone else tracking this weather.

Performance Metrics: - What metrics do you track to measure the performance of my property?

Ideally, you would want one that would share systems with you (spreadsheets, budget tracking, walkthrough checklists, etc) this would save you a ton in time and duplicated effort. 

Acquiring it below replacement cost, especially in a growing market like Panama City, could give you a significant edge both in terms of cash flow and long-term appreciation.With your track record of completing 17 syndications and managing over $500 million in multifamily assets, it’s clear you have a deep understanding of how to unlock value in these types of deals.

He is making it work, and has a multiple year track record. 

Here are some areas where automation and tech adoption can make a difference: Customer Relationship Management (CRM): Use a robust CRM system to track interactions with potential buyers, sellers, tenants, and partners.

You’re on the right track, and your background in construction will be a huge asset.

You can Google time tracking templates/spreadsheets or download a time tracking app.  

Planning for a full renovation from the start is a smart move because it gives you a more realistic view of your budget and timeline, and it allows you to aim for the highest ARV without cutting corners.As you move forward with this flip, make sure to track all your renovation costs closely, since it will help you with more accurate estimates on future deals.

It sounds like you are on the right track.