The assignment fees then enabled me to roll into other strategies, buy and hold, fix and flip.  

I don't think you need gas turned on to fix up a unit though.

If it's tight or you're uncomfortable with the tenant you have in there from a confidence perspective, especially if this is a first deal, maybe meet in the middle and get a lender at 75% or 77% (doesn't HAVE to be at 5% increments) that wont make you season, and leave a bit more money in the deal, but sleep better.Overall, if I cash flow well, have/keep reserves, and am comfortable I fixed everything in the house, I like to max out the LTV on refi.

I did 2 fix flips last year.

However, one of my biggest concerns when fixing homes is knowing when to use permits.

I am the opposite I have never bought new tires for a car in the last 20 plus years except for my Porsche which chews them up. and my model X Tesla which weighs a ton.. when i need new tires I get a new car :)  PS when the clutch went out on the Porsche at 25k miles and out of warranty it was 5k to fix it..

@Xuming Yu while they probably should be fixed, you should also request that the tenant make ALL their requests now.You want to deter the tenant from making new requests every week!

Networking with real estate professionals is huge, too – it opens up so many opportunities.Would you recommend starting with fix-and-flip projects or something else for someone new to private lending?

We’ll use these as visual aids in our presentations to investors, during dispo of fix and flips, and for our property managers to show prospective out-of-town tenant leads. 

And IRR of ~ 10.77% over 30 yearsProperty 2 - Opportunistic BRRR single family Home 70% equity 30% mortgage on 30year fixed... currently living in and have contract to rent 2025 summer Looking to learn more about real estate acxoubting...