Cash flow is where businesses really shine.

I'm looking to start my own property management business.

I've been in a co-living mastermind for a year, but I'm curious how you set your business up.

Same principles apply - being busy will create opportunity. 

The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You are starting a business. 

Here are 3 practical strategies that might help you take your investment business to the next level.1.

Friendship and business don’t always mix well, so it’s critical to use a solid lease and treat this as a business arrangement.

Unfortunately, the only guarantee in this business, or any business really, is there are no guarantees of outcomes... ever.  

This will allow you to put the loan into the entity or business name of your choosing.