The objective is to keep as much of your operating capital intact as possible.The goal is to buy, fix, finance, and avoid leaving cash in the deal, so you always have liquidity for future projects.

In order to pitch for funding, we feel like we need to get a few basic ducks in a row.

@Zach Howard the basics of the Rental Purchase Calculator is easy to understand and replicate.Google and you can find many similar spreadsheets for free.

Would recommend you read a couple books about BRRRR, that will give you the basics and then feel free to reach out.It remains a great strategy, but you have to manage your expectaions.

The bones were solid, but it was a project.

@Pixel Rogue The cash out proceeds should be for business purposes such as investing in another RE project. 

In 2023, we sold it for $245,000, achieving a strong return and leveraging the experience to fuel future projects.

I'd be willing to do small projects for free to spread some goodwill.

@Chris Kay to learn to properly DIY manage you have two basic options:1) Trial & fire on your own, hopefully not making a major mistake that costs you tens of thousands of dollars.- Once your time is more impotant to you then the cost of a PMC, you can hire one.2) Hire a PMC to guide you on your first rental and learn from their expertise.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)

I'm a Project Manager at an Architectural Firm specializing in Custom High-End Homes.