So if you were netting the $300/month - your PM just made over 73% of your profit off of your unit for the year.

I have found enough business and made enough money not to need to expand outside of this market.Section 8 is a whole different ball game but I find the program is unique in that it's a 3-party relationship adding the variable of a government agency.

I was an electrician for over 20 years with my last electrical job being shop foreman for a custom electrical control panel shop and UL 508 specialist.

What made you interested in investing in this type of deal?

It’s a good idea to speak directly with an insurance agent who understands multi-unit properties to customize coverage for your specific situation.

Heck i made 24% in an S&P index last year, not terrible especially considering there are no guest calls that go with that!!

I’d suggest starting there, or if you’re comfortable with Excel or Google Sheets, customizing a simple flip analysis template yourself.Final Thought:Since this is your first flip, starting with a modest project can help you learn the ropes without risking too much capital.

Purchase price: $640,000 Cash invested: $640,000 Investing in Condo properties in Broward County, FL What made you interested in investing in this type of deal?

Many assumptions were made as to my knowledge, part due to my "rookie status" on the thread and part in that being the first deal being made. 

But man, once I shifted to smaller multifamily properties, the cash flow and scalability made me wonder why I didn’t start sooner!