@Axel MeierhoeferThe sec compliance with this will have your head spinning as you would need to make sure each investor had equitable time to use a property as you cannot provide a specific benefit to two investors if in the same share class.If things go wrong with this or an investor gets upset and sues the risk you would be taking and the cost for D&O insurance would be through the roof to keep you out of prison.

Roof Ok but will likely need replaced in 5 years or so. 

When it comes to lending to a builder that has not financially ever been on an operating agreement, the default rate goes through the roof.

New roof in 2020.Need to have painted/new carpet/new water heater/bathroom flooring/garage patches - about $7-10K before putting on the market for rent or sale.

If the whole roof and other areas have asbestos it’s going to be expensive.You also have so many other factors.

Their agent, who was one of the worst agents I've ever encountered, probably doesn't understand how any of this works, probably talked them out of it.Was originally listed for $525k and we bought it for $443k with a new roof and a fairly long list of stuff being fixed at their expense. 

    - fire or burglar alarms    - underground tanks (active or inactive)    - knob & tube or aluminum wiring     - fuses5. what are the years that the Roof, Electrical, Heating, & Plumbing were last updated6.

In my opinion, flipping is hands on and there is little a book will teach you on flipping a house(especially if you never acquired a property before).The only way to learn is to go through the experience.Start off with a simple project - a property with minimal work that needs to be done(replacing a roof, HVAC, Painting, Flooring).Don't buy anything with water damage, fire damage, foundation, bathroom remodel or a kitchen remodel.Move on to more complicated projects after you have a couple of successful flips.

It was built in the 90's and the roof was replaced in 2018.

The developer insures almost everything for 5, 10, and 15 years (Appliances, roof, plumbing.....)Since it all brand new, the chances of something breaking, needing repairs, fixes....are slim.