Very unfortunate as continue to see people who are providing others with money and not understanding until its too late that their money was never secured and was gone the moment they wired those funds

The license doesn't cost more, the service and quality does.And a note on that cost, in my experience hiring contractors, only a small percentage of the cost savings was due to finding the right guy who is willing to work for less.

If you can save money and renovate and the ARV allows you to pull your intial capital out sooner, I say go for it!

Operationally, it's easier in multifamily and you'll have cost-saving opportunities as well when it comes to certain expenses.

This could save you money in the long run, but requires a bigger initial investment.To help you decide, consider these:What's your current budget?

We are newbies, and don't want to miss out on a great investment and tax savings opportunity, but obviously want to do everything correctly in the eyes of Uncle Sam.

Time is money, and delaying a renovation often means lost rental income.

Quote from @Frank Pyle: My client recently purchased a home with a hard money loan and have successfully rehabbed it for use as an Airbnb rental.

Hi Jeffrey,It sounds like you're in a great position with your rental portfolio and cash savings, and I admire your commitment to keeping your investments!

Thats a lot of work that a company would have to do and they would want their money back on the development costs.