If the decision to purchase materials is trust related than that is a red flag and should likely eliminate the GC from consideration.

Make sure you and your brother are on the same page, and it might be helpful to have an open conversation with your wife about the potential risks and benefits.

For starters, the prospect passes our 3.5x income requirement, has a 700+ credit score but a few things that I seem to have trouble with is the management company that was on the application, I wasn't able to find any viable information through regular web searches, but through the Business public record I found an LLC to this management company which I found was created 5 months ago. 

Be competitive in what you list your property for rent for if you want to get it filled quicker (about 10% below market rent or whatever else is up for rent nearby but you still also need to make sure the unit looks good/relatively updated when comparing to the others for rent - I look at what is on Zillow. 

For example, on what I thought was a relatively simple project in a bathroom reno which was fully gutted down to the studs already, I had more than one quote for over $7k to run pex supply lines and rough in a shower drain and toilet drain off of an existing main stack, all of which ended up costing me about $200 in pex lines, PVC fittings, and sawzall blades.If you need any hardwood flooring repaired, patched, or refinished, you can't beat Dave's Hardwood Flooring out of Blaine - $3k spent with them fully brought one of my duplex unit's original 100+ year old maple floors back to life.If you're putting in any stone counters in your kitchens or for bathroom vanities, Twin City Discount Granite have been awesome to work with, and consistently have the best pricing I've found in the area on fully installed granite and quartz.I also have a great drywall guy, as well as a really good carpet install guy - feel free to DM me if you want either of their contact info!

If you haven't lived there, visited there a lot, or have close friends or relatives there, you may be too detached from the area to pay close attention to it which will lead to PM skimming and just bad oversight on your asset.3.

.: Quote from @Barry Clay: Relative beginner here, I put an offer on a 2nd lien for 14K non performing note in Florida.

However, I’m confused about how it relates to small business income.

They will have those assets locked down so you can’t use them for about 2 years until you can get an appraisal to release them with your new equity.I would stay away from relatives funding.  

For example, in Hampton, the average days on market increased to 39 days in September 2024, but this is still relatively fast compared to many other markets.- **Inventory**: Inventory is slightly trending upward, but it's still at historically low levels.