I'm finishing renovations on a studio apartment (under another unit in a multi-family) in the next few days and am trying to decide on what strategy to use to rent it.

I've done fairly big renovations where in most cases, Im replacing almost everything in/on the house.

On the flip side, the margins aren’t quite as high as with rehab projects.

You then might renovate the property, so it's worth, let's say, $150,000 after 12 months.At the end of the first year you have title to a property worth $150,000 which is serving as collateral on promissory note where you owe about $88,600.

Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.

Im also looking to connect with investors who are eagerly searching for their next project.

@Krissi Miramontes sounds like it was a nice project.

A lot of those new construction projects in Bronzeville are on a slab and framed, as I mentioned above!

.- Expected renovation costs $1MM.

We change the order from time to time, etc but no new full set of pics UNLESS there is a design refresh, or renovation of some sort.