The two deals with friends both ended poorly with friendships ruined and tens of thousands in legal fees and court costs.

Can you give more details on your numbers, purchase prices, rehab costs, time to complete rehab, ARV, monthly rent?

With $15-20K liquid, focus on lower-cost Midwest markets where down payments stretch further. 

I agree with John, we are seeing renovation costs of $150k- $200k for a basement unit and $250k + for a coach house. 

If you ever have any questions feel free to reach out and ask I enjoy helping and offering tips and loopholes to help save time and money.

Each REI investor will have definitely grown either in knowledge, experience, or current market situations since their last podcast.I view the BP Forum posters as the free/easy entry into BP product lines. 

For a solo team we have a plan for $147/mo that includes onboarding to connect your tools at sign up and anytime throughout your membership at no additional cost, and screen share training with our team.

Feel free to connect if you would ever like to chat about Orlando area STRs!

If you are raising money in a syndication raising less than $1M can be challenging due to the setup and ongoing costs to manage and run it.

This also leaves me with $3,750 stuck in the deal (not including financing and closing costs, which could easily add another $20,000).In total, if I had to include closing costs and financing costs, I’d have about $23,000 (if not more) tied up in the deal and lose close to $700/month before accounting for expenses.