Elijah, here’s a granular step-by-step process to ensure nothing is missed during a fix-and-flip deal.

Also, consider the impact on your liquidity—ensure you won’t need that cash elsewhere during the project.Off-Market Deals: These can offer better margins.

After a few candid conversations, they realized they could negotiate slightly higher rents by offering small improvments..things like better loading dock access or upgrading the security features..turning a so-so cash flow into something much healthier.When you break down your family friend’s situation, it might help to consider these angles:Selling and redeploying capitla could open up opportunities in markets where cash flow is a bit juicier.

I rarely see ledger boards secured and flashed properly as one example.

It's supposed to ensure there are no surprises after closing.

From a credit perspective, house hacking also helps you build strong cash flow, which can make it easier to secure financing for future deals.Additionally, if you're targeting high-appreciation markets, you could also look into cash-out refinancing down the line to pull equity and fund additional investments.

Use project management software to track progress and ensure all team members are aligned.

Screening tenants well and then a security deposit or credit card hold process in place will limit liability.

By posting a notice, you maintain control while ensuring expectations are clear and legal.By the way, I don't recommend an exact 30-day notice and then dealing with prorated rent.

Also, added smart-deadbolt locks to each bedroom for extra security in house-hack situation.What was the outcome?