I preached in “The Hands-Off Investor”, as well as on stage every year in my presentations at BPCON, that one of the strongest forms of “skin in the game” is “does the sponsor have a brand to protect?”  

The highest and best meets the first Mon of every month near Ivanhoe, they post about it on IG @highestandbest (it's labeled as a clothing brand for some reason but the events are solid and free)We've bought 150+ units of Multifamily and still own and operate 51 units, we also manage for other owners in Orlando, FL and Jacksonville, FL so if I can be of help feel free to reach out

The last few years I’ve seen it as pointless, as it was never a hard rule to be followed explicitly but a suggestion, and it seems like the only ones today who give it any credence are those brand new to REI and have heard it discussed on the older episodes of the podcasts or read about it in the books BP published 5+ years ago.

I have a client purchasing a brand new SFR with 25% down.

Getting $235K in Maple HTS is a hefty price tag unless it's a brand-new build.We've managed to bump up low appraisals by $20k in Maple HTS, but it really depends on the specifics of the deal.     

i do think it's challenging, though, for a brand new investor with zero experience to jump right into a huge rehab with a contractor they've never worked with before.the contractor might want a larger up-front payment to mitigate their own risk, and they're not going to be interested in any kind of fancy nonsense like a 'penalty' when they know a new investor has never managed a large project before.i have also found that some contractors, including reputable ones, don't even want to share itemized bids because they just don't want to have to argue about the individual line items. 

.: @Jay Hinrichsinteresting point - would obviously help brand new homeowners who are $5K short, or just over the DTI threshold, or whatever. 

Also what brand, material and carpet type should I get?   

This is perfect for developers to tear-down and put a brand new construction home 4,000 sqft house which could sell around 2.4M. 

I'm 37 years old and brand new to real estate investing.My goal is cash-flow from a multi-family via house hacking for my first property.My goal is to do my first deal on a 4-plez by March 6th, 2025.I live in Tampa, FL which seems to be a good market to start for my goals.Thank you for having me here!!