I was unable to rebuild my old Turbo Tax return and bake in the missing sales, so in frustration I turned to Jim, who was/is a long-time friend.    

Do you call it Pop or Soda?

So my recommendations are 1) get an attorney involved so you know what your able to do legally and s/he can draft up the proper legal documentation to support the path forward, 2) consult with DSCR lenders to understand your prepayment penalties and bake that into your exit strategy with your private lenders, and 3) consider the cost of capital in relationship terms rather than monetary since that matters more than getting the money.

No sodas though. :-) TBH i read your question too fast, was thinking about contractors, and trying to be funny.

I would avoid major rehab issues such as structural issues (although you could get a free quote and bake that into your offer), electrical re-wiring, and major plumbing issues.

Subway ask for tips, the take-n-bake pizza shop, yup, asks for tips.

The cost of the loan was baked into the rehab estimation.Perhaps the other half of your joint venture will be your financing.

So it's all dependent on where your property sits in what market and have you baked in those rent growth numbers since 2020 or are you just raising now...

I have friends that own subway sandwhich shops they are doing very well its a job but they are building true wealth.I have another friend that has the number one take and bake pizza place in PDX they do very very good.. and talk about free time .. he is always inviting me to go fishing mid week.So I really depends on what you want to do.. but if its just buy a few rentals well that's very vanilla and should not be any big blow back from others.. now if you telling them you want to give up your income and jump into RE as a newbie then you should defiantly head the advice of others.. because this business in Certain markets is not realistic to go from nothing to self sustaining in any short amount of time unless your already starting with significant capital behind you.Now there are areas of the US were properties are so Cheap you can start with credit cards.. but those are very management intense situations and defiantly not for all

Be all-in 100%, not another part-time, half-baked, brother-in-law type realtor like so many out there.Plan to make limited income for the first 6 months or so as you ramp up getting clients and deals in escrow....have a savings reserve to live on in needed.Know your market, absolutely everything about it.