Not allowed to use software to set your rent.

If so, they all have / bring it's own set of questions, guidelines to know about.#4 - Have someone local that you trust, go over zoom and get to ask them question.

It sounds like we didn't do a good job of setting expectations with you on the front end.

Since you know what you need to buy it at and an average rehab cost, I would say $50-70k for a cosmetic flip, set the ARV based on the sample you choose and doing comps and ask them if they would invest in a deal similar to this. 

For active investing it is also helpful to have some type of advantage that sets you apart from other investors - that could be construction or rehab skills, market knowledge or anything else that gives you an edge.I was an active investor and didn't really have any of those skills.  

I think the easiest way is just to set up an excel file for the property and put together a punch list, room by room. 

I met with Wicked Smart today and was told they help you set up a lead sourcing system, help you structure creative financing - which is essentially lease option/purchase, subject to and owner financing....all strategies I am interested in learning more about.

Moreover, it allows you to set the terms of the lease agreement according to your preferences, which can help prevent misunderstandings and disputes in the future. 

I'm sure he could give you some pointers on setting up a business and creative ways to save money.

It’s a great way to add value to a property without putting a ton of money upfront, and it can set you up for financial success in the long run.Has anyone else done a similar renovation project or used a gift of equity in their deals?