Purchase price: $250,000 Cash invested: $250,000 Build out income stream with fix and flip upon tenant exit

The volatility of the markets and constantly changing guidelines have been the largest pain points from what I see.  

I can see in apartment deals if reserves were at a minimum and floating debt and sponsor taking fee's off the top and its like I see on BP were folks are constantly putting rental increases and appreciation into their day one profromas. 

For small spaces, you can't get a small enough (in terms of BTU) multi-zone unit and what happens is one unit receives refrigerant even when not running if the other is running, which due to the cold of the evap coil causes it to condensate and ultimately causes constant problems with drainage.Also, look for a mini-split where you can connect an external thermostat and configure the head unit to shut off when the set point is reached.

I did not do any NACA activities prior to closing and I have not been asked to do any as of yet per the requirement (there are no NACA police to constantly check on you that I know of so alot of these actions are in good faith from what I have experienced). 

Constantly look for ways to learn and grow..Business is constantly changing, so ensure you are ahead of the curve!

This journey, is the transition from primarily active (ordinary) income to a portfolio characterized by passive income streams, benefitting from tax-efficient strategies like PALs.

And even better, transactions made with their cash management account would instantly sync with my books, so I wouldn't have the constant reconciliation errors I get with QBO. 

I am the #1 realtor in my town and that's one reason why, constantly hustling to give clients value. 

(You act as the bank)Charitable giving to offset gainsTransfer the home into a trust (Like a CRT for example) that will avoid capital gains tax and you can have pay you a set income stream until your death and the remaining funds would go to charity.None of this is or possibly could be advice, I don't have enough info to fully know what is "best" but these are some ideas to think about!