But it will go back to calling when the fad dies down and people are getting fewer calls and it will become profitable again.AI texts are still pretty easy to ignore.

On one hand, if a sponsor was that successful in flips (high margin, fast turn), they wouldn't need a fund.  

Here are some things that have been most impactful for me:*Reinvested ALL profits from Day 1 until it was time to walk away from W2.

While using financing does mean I don’t keep 100% of the profit due to borrowing costs, it allows me to take on multiple projects at once and operate in higher price ranges than if I were only using my own capital. 

Its a good thing they profited, because projects can go south sometimes and then that really hurts.  

A good REI bookkeeper will help keep everything neat and tidy throughout the year so you can make educated decisions in your business, potentially creating more profit and less headaches.

And my rental cash flow went from only $1500/month to 19k/month profit by taking on more loans and harvesting the equity in some of my properties including my primary.

After some research online, I am reading that the cost per square foot on a gut renovation of this nature in Stamford CT is anywhere from $150-$350, which is ultimately not very helpful, because at $150 per sq ft, this is a very appealing project with a total profit of ~$175K (46% ROI) and at $350 per sq ft, it very much isn't, because it would be a net loss of 83K (haha).QUESTIONS:What can I do refine my estimate a bit given that I am not allowed to a formal inspection on the property? 

While they do lose a small monthly management fee during a vacancy, they instead collect high profits from turnover charges and leasing fees for each new tenant.

So $4,500 of additional costs to have a partnership only to avoid hypothetical risks would exceed the profits from many SFH.