I have seen a lot more success from my friends getting cashflow in that area. 

Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out. 

New To the New Jersey Market, Good New Jersey tittle company that don’t need an Attorney present and familiar with wholesale deals? Please keep answers short and simple thank you

Management proposed that the HOA needed to be insured and put this in the 2025 budget at a cost of $10,000 per year.   

With a family and kids the best house hack is a house and cottage or duplex option.

Ahh yes, there are so many options.

My last rehab was projecting far better than a 2 to 1 return which was fortunate because we went way over budget (my worst over budget by far ever).

Your best option is to terminate the current manager and switch to one with better processes and communication.

While there’s no perfect formula, there are a few methods you can use to get as close as possible:For maintenance and repairs, a good rule of thumb is to budget 1%–2% of the property’s value annually.

@Duarte MarquesPossibly but highly not recommendedFor those with no real estate experience or experience in taking on debt, it’s not easyTo do it also with little to no down payment or reserves in most occasions will end in disasterReminds me of when in high school a friend used to let his dog drive his car.