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 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).

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

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.

I will likely follow what you outlined above, but won't open my calendar right away to allow time for the permitting process.

Determined to avoid such mistakes in the future, I earned my real estate license to better understand the buying and selling process.

So talking with your Realtor on scenarios that truly are likely may help you speed up your search and offer process, and help you find a great spot.

Points and loan details are TBD still as we're just getting the tentative process down on paper as we wade into the details.