Ive been grooming my 2 boys for responsible legacy wealth management since they were in diapers. 

Good grooming habits can help.More importantly, take genuine interest in their needs and be patient.

Wake up, make the bed, do my grooming routine, have bulletproof coffee with a shot of espresso, and read emails while I eat breakfast. 

@Sam Grooms and @Greg Dickerson - Gotcha, it's all coming back to me now. 

She can definitely do that with the proposed $588k in cash @Sam Grooms mentioned, but just remember to consider this when thinking about how to use that capital. 

Originally posted by @Sam Grooms:@Jay Hinrichs alluded to management, but here are some ways to fail strictly related to underwriting:Underestimating operating expensesUnderestimating expense growthOverestimating repositioned rentsOverestimating rent growth (post stabilization)Underestimating capital expendituresNot enough reservesNot enough contingenciesNot inflating exit cap rate enoughNot inflating interest rates enough (if not fixed)As an investor, you need to be able to understand and "check" all of these out during your due diligence. yes and this all falls to management doing their job.. right ? 

My name is Tyler Groom and I live in Visalia, CA.

We anticipate being able to improve revenue by + or - $300 per door...huge value-add.Huge thanks to my partner, @Sam Grooms for all of the work he continues to do.

This will also free up your time to find more properties because your not interviewing other contractors.This route will also allow you to groom your contractor on how you expect your projects to run....You will feel better about giving that contractor an initial draw.

If your goal is to sit back, then you better train people to do what you need and keep it specialized, having a GM who is well compensated.And, if you need to seel or really want to sell, selling to your employees is usually a great option, you can groom them to do that!