We'll still look at a multifmaily deal here and there, particularly if there's a retail component, but not currently our main focus.

Early this year I fired all of them on the same day because I was doing the majority of the work, the didn't take training and coaching well, and the main thing was that their CAPACITY was tiny.

LLC is mainly about liability protection.

I would mainly be finding deals for the investor, and taking a percentage of the purchase price as my fee.

The other thing to keep in mind is that you will have to keep a supply closer or room with your extra bedding and materials and a checklist for you cleaning person to run when they turn the unit, as well as a smooth process to screen, lease sign, and collect payment from the guest.

The main thing to me has always been to respond honestly, try to avoid being negative or (worse) calling the customer names, and similar.

I want to increase my personal income to help fund a second rental, but my career limits me mainly to remote jobs and gigs.I’m curious if there are any other investors out there that started with a similar skill set to mine, and what other skills they developed to help increase their W2 income and to help build their real estate knowledge and experience? 

Construction can have unforseen costs, construction loans for rounds of funding can be more expensive over time, rent markets can drop, vacancies in market can increase.Typically entitlement phase of land most risk, followed by development, followed by vacant building turn around, followed by half vacant building, followed by mainly full building with value add component, followed by brand new building with market or below in place rents and everything new with good location.Along that spectrum of course you go from heavy equity upside potential to mainly just the cash flow return and hopefully price appreciation over time.Investors have to decide on the spectrum of their risk assessment to capital over what period of time how they will allocate between all one type of investment or multiple and what percentages.

A South Korean company that supplies Tesla is inching closer to a transformative project - codenamed "Project Motion Forward" south of Austin that could make the company Buda's largest private-sector employer.Futronic's potential project is part of the continued "Tesla effect," referring to how electric vehicle suppliers have flocked to the region in response to Tesla's mammoth presence in eastern Travis County where the Elon Musk-led company has a huge factory and headquarters.

Also a lot of the hard money lenders these days from 1st time flipper want to see that you have about $50,000 liquid to weather any storms, like supply chain issues from Long Shoremen's strike.