We had 2 thoughts, paying a company to do everything OR hiring and supervising many laborers and ordering roll offs and just managing these people until its completed.What is a good rule of thumb for estimating the cost of the rest of the repairs? 

And, if you choose, all the money in the account can be your son's, thus "acting" like his own account (but with parental supervision).Originally posted by @Sunny Sethi:Thanks for sharing your time and wisdom, Dan. 

If you're looking to do something major that requires lots of supervision the idea that comes to my mind is partnering with another investor that is in the area if you're doing a flip.

Excellent advice , as well I would closely supervise and double check their work

I have an agent but she just cannot stay there for hours supervising the workers.2.I probably won't do this, but if we were to go to the small claim court, which side is more favorable given the evidence so far?

@Eric Berkner every property has a unique amount of "hands-on" management it may require.Forget what is in the OM and budget based on what will be required to execute your business plan.Class C properties may need more daily supervision and Class A properties require more prompt and high-quality customer service.A good property manager can make or break the deal so don't skimp on that front.

It is probably not exactly accurate that they ONLY involve in raising fund, it is more like that they are looking for a partner and co-supervise the projects with this partner, so that they could expand faster and with less people management and overheads. 

Is it really easy to just have a property manager supervising everything?

After classroom, I think I need 25 supervised home inspections.

Here are those strategies and why I’ve backed away from them:Buying a multi family - They’re all in bad areas where I live.Flipping houses - I heard about countless rookies who lost money flipping due to estimating the rehab wrong and not being able to sell the property in time.Out of state investing - I heard about people breaking even on rentals due to either not being able to supervise contractors or hiring property managers who take advantage of the situation by overcharging on repairs.