I don't want to bite off more than we can chew with managing a full reno while we learn the ropes. 

I am researching a project and doing an extensive property visit next month on a project that yields well over six figure in revenue. 

Hello everyone,I’m currently in the planning phase for a development project just outside of Santa Fe, NM.

@Alison EvansI could not imagine managing 48 doors!

We find off market deals through out property management clients How did you finance this deal?

Do you put managers/assistants/employees in as co-hosts? 

—----------------------------------------------------------------------------------------------------------------------------Subcontractor Agreement TemplateThis Subcontractor Agreement (“Agreement”) is made and entered into on [Date], by and between:Contractor: [Full Name/Company Name] [Address] [Phone Number] [Email Address]Subcontractor: [Full Name/Company Name] [Address] [Phone Number] [Email Address]Project Details: Project Name: [Project Name] Project Address: [Project Address] Project ID or PO Number: [Internal Identifier, if applicable]1.

You are using the projected rental income from the subject property.

The primary risks at this point would be       1) to your lender, the risk of a margin call.       2) To you; underestimating the true cost of a project and cost overruns      3) To you; legal risk of securities regulations if you partner looses money. 

The seller is out of state and even visited the project a few times to check on the progress which I think helped him feel good about the whole deal as well. technology made the whole process a lot easier in the interim.