The contractor also committed to informing me and getting my approval for any cost changes during the project.

What’s your vision for your next property - do you see yourself leaning towards value-add projects, or are you focusing more on turnkey options?

Also I'm working on a few commercial projects at the moment as well!

New construction, fully decked out on the design and amenities. purchase price 785K, 40K in seller credits, 120-140k gross rental projections What made you interested in investing in this type of deal?

My rule of thumb when walking with contractors is if they talk more about themselves and past projects compared to what they will do on this project thats a hard no. 

With these additions I got comps putting the deal's ARV around 347.The punctual, timely, and professional contractors I met gave me quotes between 90-135k for my full project.

Success:  Signing a deal with First WatchFailure: Bought a retail condo, not realizing the low ceilings were such a deal breaker for a lot of tenants.Pain: A lot of turnover this year, especially in light industrialAha moment:  Mortgage note investing needs to be a larger part of my portfolio2025 Goals: Less Investing and more pickleball!

- The market is in a little bit of a lull right now (buyers market), its a great time to buy, but slower time to sell (my primary business is flipping houses) I can supplement my flipping business by providing project management services/consulting, helping investors find discounted properties, etc. etc.

I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections.

You can learn just about anything you need to complete a small project off YouTube and with the right tools.