Make sure to outline clear terms for repayment and the investor’s involvement, if any, in the decision-making process.

You have to make your personal decision, considering the time and effort it will take you to DIY it; the risk of it being done wrong, and the potential opportunities you might miss by not letting the pros handle it for you.The more expensive your property is - the more reasons you have to hire professionals.

The objective is to build a profitable portfolio and when you begin chasing doors you ignore the fundamentals your underwriting should focus on and make bad investment decisions. 

Overall, how long do you spend in deal analysis for each property, and how many properties do you review before making a decision?

Starting in Highlands neighborhood (or northside) which used to be a very rough part of town, is now the one of the top 3 most desirable are in the metro and this has slowly trickled down into neighborhoods south.I am an engineer so I love to base my decisions on data, so for example looking at census data, I like to look at % of high income earners in an area to gauge if I should invest or notFor 80204 which includes the neighborhood of Villa Park, in 2010 the % considered upper middle/high income was 4.2% of households. 2022 census says that now it is 40.5%On the other end is 80219 which includes the neighborhood Westwood which would have the lowest income area on my list, in 2010 Westwood had 4% as well, by 2022 it had 21.1% high /upper middle income earners.I have properties in both and tenant applicants are a wide variety (lower income folks on rental assistance to high income earnings wanting to rent in an area before buying a home) so its hard to put a property class in this area. 

My advice would be to align your decision with your long-term strategy.

If you're going to be a leading partner - you'll need to be a decision maker. 

Understanding your long term goals is important in making a decision like this. 

They are going to be making every decision that affects your profitability and if or when you get your money back.  

That was a great project that forced us to spend and make a series of decisions both together and individually.