Or can I draft up my own purchase and sale agreement with a real estate lawyer that includes only language that I need for my wholesale deals? 

Looking into different mortgage options, including FHA or conventional loans, and weigh the pros and cons of tapping into your 401kYou’re on a great track, looking forward to hearing more about your journey!

@Erick HenningsHouston's emerging neighborhoods include East End, Third Ward, Heights, Spring Branch, Independence Heights, Alief, Cypress, Pearland, Richmond/Rosenberg, and Conroe/Woodlands.

When it comes to choosing between a turnkey property and a fixer-upper using the BRRRR strategy, it really depends on various factors, including your market conditions and where you are in your investing journey.

I would love to meet some new members, young or no, whose goals might include a solid cash flow and providing good value to renters who are exploited or poorly treated by unresponsive landlords or large corporate operations.  

If you would've gone with YellowLetters as opposed to doing it yourself with all the costs included (paper, ink, printer, envelopes, postage,) how much do you estimate the difference in cost would've been for 3000 letters?

You're essentially buying into a partnership with your friend with the partnership owning and operating the property.Now, the financial side of that gets more complicated and would generally include an advanced proforma/financial model that includes a GP/LP equity waterfall schedule that is based on how you and your friend agree that you will pay her and also share the profits.I assume that won't make sense to you right now, but I'll send you a DM.

This does also include my live revenue manager, which accounts for about $20,000 - so without her about $60k for pure software integrations.

We have also completed some exciting improvements including retyring a boiler for heat/cool ductless mini-splits and 9 units being electrically updates.

Focus on neighborhoods with strong rental demand and growth potential.Also, make sure your numbers work—factor in all costs, including rehab and holding expenses, to stay under 70% of ARV.