Is tenant churn and NOI improvement something property managers are held accountable for, or is that more of a company-level concern?

I agree with this high level (Private Money = Individual, Hard Money = Company Non-Turnkey Product).I've been begging (mostly to no avail) for better clarity and definitions here for these to avoid confusion - BiggerPockets IMO has a HUGE opportunity to set and create the "gold standard" universal definitions of loan types with just a little initiative. 

It depends on your level of participation.Origination fees and other fees are typically considered active income and subject to SE tax.

I'm Val, I'm a full-time therapist, part-time photographer and everyday creative looking to translate my skill set into house flipping and landlording.

Properties that were undervalued just a few years ago are now turning solid profits for those who can complete timely renovations.Low Inventory: With inventory levels continuing to tighten, the demand for well-renovated homes is higher than ever.

Your pivoting skills are commendable!

I realize that many new construction homes and some existing home listings are never entered into the MLS, but I don’t see that affecting the high level results I’m shooting for.

Investment Info:
Single-family residence fix & flip investment.

Purchase price: $10,000

Cash invested: $32,000

This was originally a two bedroom house upstairs with kitchen dining room living r...

All signs point to 2024 ending close to 2023 levels in terms of transaction volume. 

I recommend going with a boutique local manager or even self-manage (it's not as intimidating as it may seem, and profit levels skyrocket).