There were some costs involved for demolition, making an application and a survey coming in around $30,000.One of the best parts of this deal was the “return on time”.

Looking forward to connecting with professionals, providing any value I can, and getting involved with this community. 

Seems like a win-win for everyone involved. 

How is your agent involved in these and where are you finding these deals?

Just letting you know there are lots of hidden risks involved.

In the case of a family, it always has issues involved.

@Chris SeveneyWe put tenants into collections without a judgement or involving an attorney.

Cohosting I have never done - it seems like a term that can mean many things to many people.Generally speaking I see in 2024 arbitrage is for people who want to be involved without actually investing, and cohosting for people who want to be involved but do not want to a PM...

This could lead to significant tax savings, especially if you're actively involved in the management and operations of your properties.Additionally, starting a property management company would allow you to deduct a wide range of business expenses related to managing your properties, such as office supplies, travel, marketing, and payroll (if you hire help).

Before I looked at the deal, here's what I asked from him:The purchase and sale agreementRehab breakdown documentation2 HUD statements of previous dealsDeal info (Property profile, funding, security, repayment plan, etc.)Title company involved in the transactionWhat I also asked for was a term sheet from the hard money lender that was lending at first position.