Hey y'all, I have approached a point where I have built up more confidence in performing my first house flip in the Charlotte metro region.

We regularly take over properties from managers who haven’t performed well, and it’s a seamless process when done right.

Traditional loans are debt—you borrow money, take on a repayment schedule, and owe interest, regardless of how the property performs.

I think an equally probable scenario is that we'll convert it to a rental, and then look into a 1031 exchange if we think we can trade into a better-performing asset. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Was a good unit turn performed?

She is a contractor and she didn't have to perform this cleaning so she doesn't get paid for work not performed. 

Quit expecting the tenant to 'perform' for you. 

If it’s cash flow, selling might make sense to reinvest in a better-performing asset.

The limit on scaling is your deal flow (mine never was that good) and time it takes to perform the value add (I got fairly quick for example, my last rehab did all new plumbing, electrical, and flooring.