I made this mistake when I was starting out - I got excited about the returns of a development deal - but I didn't pay attention to the fact that I needed to be a cash flow investor because I did not have a W2 income, nor did I have sufficient passive income yet.It is critical for investors to understand the relative importance of evaluating the sponsor, alignment of interests and the deal.  

This is how you do that-- be properly equipped.I can go deeper on the renovating side, there's a ton to pay attention to.

There are closing attorneys still doing them, but they won't reveal who as they don't want to draw attention. 

Home owners and handyman wanting advice on how to do code illegal work.Amazon & box stores are low margin high volume mass marketers.But like moths to a flame the consumer mindset is easily dupedFor anyone still paying attention to this thread; legitimate business people don't buy retail, they buy wholesale.I thought "savy" investors looked for wholesale deals?

They can optimize tax strategies across states and assist with allocating deductions, handling multiple-state filings, structuring future ownership, and advising on capital gains or 1031 exchanges.

Too many investors focus their attention on how to get creative with their purchases and ignore the fundamentals of the actual real estate and the basis in which they are acquiring property.

The next phase of my maturation cycle is gaining "on the job experience" in the form of GP participation before attempting to take down a deal by myself. 

I like to keep things simpleEIther sell him 1/2 the share directly(Look to see if you can defer your gain/tax.Or look to become partners in a new property.

Hoping to gain some confidence and knowledge in the BP community! 

Usually holding costs and lost opportunity costs far outweigh the gain in sales price.I would also have multiple exit strategies and if prices dropped more than I wanted could I keep it as a long-term investment and have the rent cover my expenses.