Most hard money will be interest only payments on the full approved balance of the loan whether or not if you have pull the draw funds for repairs.If you have any other questions, post them in the same thread below so that we can all learn from the answers.

I’m just taking it one step at a time, learning as I go, and trying to set things up the right way from the start.

First pro is you learn how to be a landlord and to manage properties and this is the best way to get started into real estate investing.

One of the things I learned early is that the margins on a deal need to be substantial. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Looking forward to learning from all of you and contributing where I can.Best Regards,Gabriel

Military deployment money Lessons learned?

K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.

Lessons learned?

I've been a financial planner for 17+ years and one of the main umbrella theories I've learned is that often times, the simpler things are the better they are.