Also, one of the most often overlooked components of a syndication is the reporting.

At least one of the coach's calls I did attend the, Rick Boyd, spent the whole trying to comp one property for a beginning student.

That Victorian flip sounds like such an adventure, especially with all the unexpected finds. 510k views on TikTok is no joke!

I used the proceeds to buy another property that had an obvious value add component.3.

There is a company in my area that it looks like it will cost me about $400 a year per property but after this week I would welcome that "insurance" as I just had a large unexpected AC bill.  

but if you have a view on active vs. passive income.my goal is to have income from multiple sources, ideally part time work that i enjoy is a component. 

.- Set Conservative Estimates: For CapEx, maintenance, and make-ready costs, consider building in a buffer to account for unexpected expenses.

I would like to keep part of it for any unexpected expenses/emergencies I may find. 

This is a fundamental component of the BRRRR strategy that I have yet to understand.Or, does it not make sense for the friend to invest in this deal if they're primarily looking to flip? 

It’s a solid strategy if you stay prepared for unexpected costs and keep some reserves on hand.