They also act like the ARV is the same as what a property would fetch on the open market.This simply isn't the case in markets like Detroit.

Many thanks in advance,Victor Talking with my friends contractors in the area... some of this contractor offered very low price for their projects betting to build many units and market changed and they simply started to file bankruptcy... when comparing cost it's common you will find higher costs ... been in this market last few years, houses will start to move again in the next months in a normal cycle (not pandemic cycle) , if you're goal is getting long term rental in place for delay gratification...

Security Deposits / Escrow: If you would like to use Baselane for an escrow account, you can simply open another sub account that is separate from your day-to-day activities.

It simply states that 50% of the annual income will be taken up by operating expenses.

Soo in the class I am reviewing they are teaching us to undercut deals brought by brokers, but once we refi a property and pay off our partners wouldn’t we simply become the very targets that we were after 5 years ago?

Simply owning some investment real estate does not make one a real estate professional anymore than owning some stock's makes one a Stock Trader....To qualify for real estate professional status (REPS), you must meet the following requirements:50% test: More than half of your personal services must be in real property trades or businesses.750-hour test: You must perform at least 750 hours of services in real property trades or businesses.

I don’t need to sell Joel, I am simply stating my opinion and my personal interactions.

and appreciation is simply the cherry on top!

The home has to be listed on the MLS in order to do a bridge loan or you simply do a cash out refinance. 

That might simply solve a ton of your problems.