Fix and flip for profit was kind of a no brainer since I could do all the work myself.

Quote from @Josh Deschene: Hello All,This is my first post and I will try to summarize as clearly as possible.

Happy to meet you all! 

But also, even as Joe points out in his book, the true value of a syndicator is pulling together all the pieces.  

Of course it all depends on pricing and what your target demo is.

I'm Paul from NorCal, passionate about real estate investing for long term rentals I'm particularly passionate about finding deals outside of California Excited to learn and connect with you all! 

Note it often is not a result of significant NOI change (excluding some markets where a lot of new units have been added). 3 recent studies show it is cheaper to rent than own in virtually all of the largest US markets.  

I have one long term partnership that we share capital but I still do all the work ( rain maker) he is a cpa so he does do the books and tax return though :)  WE built one subdivision together were he put in 500k and I made him 1.2 mil in 18 months net profit so that was not bad.

The art and science of it all is that you don't lead with "I want to make an offer on your house", instead, you ask the homeowner "how can I help you?"

This is not a one size fits all answer, but bad debt is non-asset based or depreciating assets - , credit cards, medical, buying dumb stuff.Good debt is debt used to make or grow your portfolio.