Securing a sponsor can be challenging, especially when they have concerns about your capabilities to manage the property and keep it profitable.So, let me share a suggestion that might make a potential sponsor more comfortable:Offer to have them oversee the asset and property management aspects, including the control over cash flow.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

While PP is likely higher than the Midwest we’re seeing loads of consistent appreciation and you can still find deals that cash flow $250-$300/unit after all expenses figured in.

The core 4 consists of a realtor, contractor, property manager, and a lender.

I like this idea as I think it would give me a behind the scenes view of key financial aspects of investing. 

The biggest thing we started doing after our first 2-3 flips is focusing on the higher-roi aspects such as kitchens and baths, and then doing "just enough" for everything else. 

To ensure I navigate these legal aspects correctly and make informed decisions, I’m looking for recommendations for a knowledgeable real estate lawyer or legal entity in the area.

What other aspects should I keep in mind and look out for in a property of this age and condition?

The state has consistently ranked as one of the most expensive places to rent and buy.