I know your company Norada Real Estate is a hybrid promoter/turnkey company. 

Hi Monique,I'm a local rookie investor and had tons of inspiration and knowledge gained from networking with other people, podcasts and reading tons of material.

You can qualify for material participation for short term and long term properties.

I had my fare share of financial modeling and asset management and can say I know how to analyze deals and asset manage very well.But, I was not too involved in the closing phases of the deals (lawyers, reports, debt placement, contract negotiations, parts of the DD...) so I lack knowledge in those parts, which I make up for in reading ton of materials and listening to podcasts.• After that I worked for three years as a management consultant at McKinsey where I sharpened my business acumen, problem-solving, storytelling, and presentation skills.

You would be looking at less than 3k in materials to upgrade that kitchen including a new basic stainless appliance set.

Many years ago I remember reading some promoting gap lending, the difference between what an HML would cover(1st position) and all in cost.

(Eg Travelling cost, cost to repair (labor,  materials).

The total cost of the job with materials was $2700.This was a sigh of relief at the moment.The tenants on the first floor were vacating the property and have already put in the notice months before.

BP loves to take material from their boards and act like it's theirs. 

Meaning they buy the materials and provide the labor and then make a receipt showing the total.