Budget Wisely:Make sure your budget accounts for the purchase price, the cost of the renovations, and any additional charges involved in flipping a house.

I’ve been involved in lending for a while and know that financing can sometimes be a bottleneck.

Is there some other way to verify his involvement? 

From day one I treated my involvement in real estate as a real business.This means, I had an advertising budget, a lead generating and follow up process, a back end process and money source and above all an experienced mentor.  

There is less risk involved in the cheaper properties .

If an early buyout opportunity arises, I’m happy to secure a solid return for all involved.

Should I be sued I feel like an attorney would be able to craft an argument that would convince a judge to let them "pierce the corporate veil" and open up exposure to all of my properties. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I’m sure you’ll find plenty of opportunities to share insights while also connecting with other professionals and investors who can help broaden your understanding of real estate.Looking forward to seeing your contributions and following your journey as you get more involved.

My advice is to do your diligence and learn the craft as best you can.