Hello,I am recently get involved with a fix and flip (my first one).

Hello!I am new to the real estate game and got my foot in the door by purchasing my first property as a live in renovation. It has been a very exciting and humbling experience. Im towards the end of my renovation and ...

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

Scenario 1 they don’t or refuse to move- eviction costs and/or lost rent Scenario 2 they move out and Cap ex and turnover costs, lost rent, advertising for new tenants in a somewhat of a qualified tenant shortage, headaches can be avoided by simply having a conversation with the tenant to see where their head is at, and that they understand what your expectations are.

Understand that they are doing this to make a profit, so it will be more expensive than coordinating maintenance yourself.It may be a decent program for a DIY owner that wants to just outsource maintenance, but you will have the same maintenance issues with this company that you would with a PMC:1) Higher costs2) Admins answering the phones & assigning work, that just know the basics about maintenance.

There's some mis-information and mis-understanding of AP, the process and it's effect in this thread.

It’s such a big leap of trust, and unfortunately, there are agents who don’t always live up to what you need in this process.An out-of-state investment can be daunting, and it’s so important to have someone in your corner who truly understands your financial goals and is committed to building a relationship beyond just getting to the closing table.

I am not sure what type of real estate investing you're considering, but it sounds like, with your family and busy job, you won't have a lot of time to be hands-on or personally involved. 

The understanding you bring to each transaction, the ability to read between the lines, and the personal connections you forge are irreplaceable elements that complement the analytical power of AI. 

I took out a HELCO on my primary - I understand not cash flowing - could have taken out a lot more but only took 50%.