Hey everyone,I’m new to REI and I’m wondering if you guys have any advice to share on coming up with rehab estimates when you’re just starting out, and don’t have a long track record to go off of?

We intake county record updates daily.

I'm sure for every success story there's 100 disaster stories.Entering with no money, no track record, no knowledge and looking to do a flip is a bit of a dream. 

I'm not saying he isn't good at what he does (he continues to have a great track record), but it's almost like a different world today.2.

Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.

I would go a step further and ask about their funding times, process, and track record.

I keep a spreadsheet for each property with these Q&A recorded for all prospects. 

Strong agreements that protect your position in the deal, and recording a Memorandum of Option with the county will go a long way to protecting your interest. 

Proven Track Record – Experience in vacation rentals matters.

We are both nurse and plan to travel for a good portion of this time, so 'living' in the small 1br or studio apartment for residence purposes will not be a major issue for us since we will rarely be there.