I was wrong.Not everyone is cut out for managing their own rentals.

If it's still raining outside, if you can get the carpets in a garage and under industrial drying fans, you may still be able to get them dry.6) if the water soaked any drywall, you'll need to cut that drywall out and throw it out.7) rent a bunch of industrial drying fans from home depot/lowes (they are specifically designed to dry up houses that were flooded, and soaked carpet.

It's a lot more fun to work at a place that is profitable, vs someplace that is always making cuts and struggling.

If you overpaid in 2020-2023, based upon bubble multiples, the picture isn't as rosy.You have a choice to make:  Cut your losses or grind it out.

Miter cut corners and attached trim to mirror with caulk.

Turnkey often gets a bad rap here because a lot of investors feel that 1) it's a cop-out to turnkey instead of doing everything yourself and 2) because people feel (potentially justifiably) that leveraging turnkey cuts down your margins because the turnkey company is taking their cut.I think #1 is BS.

But jumping up and down shouting I am debt free while I make a video of cutting up my credit cards  is not the road I am going to travel.

Quote from @John Napier: If the intent was to cut off wholesalers from doing more than two deals a year, I do not think this accomplishes that end.

SFR is 2100 sqft over two floors (one is basement), both floors are fully-finished, water pressure is not an issue. there is no other rehab in the main house, so we will have to cut into the ceiling for just the retrofit.Thanks a ton!

If you miss something, you either take a pay cut or have to go back and fix it or both.I started doing it part-time while in school and couldn't make it to most appointments because they were during the day when most people are at work.