Upgraded kitchens, bathrooms, and other items that hadn't been touched for years What was the outcome?

Second issue is that it would be really difficult to cash flow, while paying both notes, especially with one lender in second position (which would most likely have a higher rate, plus points to offset their risk.)Now if you got the property under contract for 75% of the market value, which means you would have built in equity, and willing to personally guarantee (full recourse) then yea it may work out.If it's a good enough deal then you could even bring in an equity partner. 50 percent of a great deal is better than 100% of no deal.Cheers! 

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

I've even heard of GCs using auction type settings for returned items at Home Depot and Lowes for steep discounts.I've learned a lot about the GC game as I was up close to over 40 projects last two years and some went well and some did not and when they did not it was all Contractor related.If a GC isn't sourcing cheap materials at the same time milking the hell out of his 150-200 per day workers, then you can find yourself eating into your margins real fast. 

It has Roth component and traditional built in.  

With all the money they had made from the show they bought a few city blocks in the heart of the neglected downtown of Waco, applied their renovation magic to it, and quickly built a beautiful Magnolia campus in the heart of the city.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

You just have to handle cleaners and maintenance items. 

If I were you (and you meet the items listed above), I would definitely still move forward with licensing since you already have the property.

We’ve got to separate this type of loss from those in which the 5 items listed above weren’t followed.