Our logical process:1) Use Neighborhood rankings to narrow down area of city you want to invest in2) Focus on getting to know that Neighborhood(s), so you know the good & bad streets, block-by-block.3) Be patient to acquire properties on good streets that meet your buying criteria.Our rankings are done with a "bell curve" approach.

All funds process through various channels but the PMS (with trust accounting which is very important) keep track of all the funds and then we disburse monthly to the owner. 

Consider bringing in an experienced property manager, contractor, or mentor to guide you through the process.

Achieving a great cashflowing property, learning the process while executing, and great satisfaction of helping a family.

It's an awesome way to jump into RE yes its scary at first but as long as you have a criteria going in it eases some of the emotions during the process my biggest thing was lower my cost or keeping it the same.

We want to detail the responsibilities, capital contributions, profit and lost sharing percentages, decision-making process, have dispute resolution methods, and exist strategies.

I’m in the process of managing 18 units and have a full-time job.

I was there a long time with the loan officer, explaining the whole situation and listening him tell me how the process worked (completely different than what Lee Arnold tells his Inner Circle students).

We had a mentor guide us through the process.

This clarity upfront helps set aligned expectations and creates a smooth start to the renovation process.