This is NOT passive, it requires you to create systems and deal with all the complexities that a business entails.Reasons to manage your own properties: 1.You are an effective manager and for the most part enjoy people. 2.You want to reduce vacancy and expenses (after the property has been repaired my vacancy rate is below 2%).3.You want to start your own business and instill a certain “culture” at your properties.

.- 5 month permitting (Much longer than anticipated)- 160 days of vertical construction - The storms set us back on a few builds because it caused us to delay our septic instillation.

My background as a prior military member has instilled in me a sense of discipline, strategic planning, and a keen understanding of risk management.While I’m aware that financial contributions are often key in partnerships, I’m curious about what other skills and perspectives I can bring.

We are new to the real estate industry but we are building a family owned business to earn an honest living while being able to provide and instill good ethics and morals into our children.

Having legal documents, contracts, and a network of professionals at your fingertips eases a whole lot of stress that comes with clinching deals in this industry.And I can’t talk about Pace without mentioning the ethical backbone he instills in us.

New construction is very low margin game... finding land is the hard part with all the national builders moving in ..  still

If the properties can handle (as in still have positive CF) a 15 year mortgage, do that...and refi 2 properties every year. 

The clarity I've acquired is amazing and has instilled a ton of confidence in my REI dealings.Hell, the leader of the Tucson group, last year, asked to borrow some money for a RE deal he was doing. 

Recently, I’ve been interning as the COO for a Real Estate Investment company that handles flips, remodels, and out of state investments, with the goal of scaling the business for increased profitability.My military background has instilled in me core values like resilience, integrity, hard work, and effective leadership.

My CPA had no clue what I was talking about when I tried to explain the stategy to him, which does not instill confidence.