Shorter term deals though, they will hold 2 to 3 years, sometimes less.

You profit share with them for the first 10 deals (at the higher levels) because they really are right there with you holding your hand, and as I mentioned, doing three way calls, etc. every step of the way.  

Exit strategies are typically, refinance into a long term loan and hold or sell it for profit.Cheers!

Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.

I whip out big project estimates in a few hours compared to a few days.  

If you would like to hold the property for longer, that is fine as well, just note that your loan payment will be done after 20 years.

Purchasing a “distressed” property and “repositioning” it requires significant capital for improvements, build outs, holding costs, maintenance.In looking for that “needle in a haystack” slam dunk great deal you’re competing with very knowledgable, greatly experienced investors with the cash to make no contingency offers and close in a few days.  

We could build larger, but there will be less Buyers and the home can potentially sit for longer and holding costs get expensive.Not saying building larger is wrong, but just giving you our reasoning for our home size.But I do 100% agree with you. 

One of the agents @Eric Fernwood has posted several times on BP with charts and graphs comparing Las Vegas and a few other cities, appreciation over the years, etc.

We do tend to know what appropriate rents are for the different times of year, although you can't hold to those permanently.