In reality, he’s managing your investment, and part of that responsibility includes transparency and accountability.At the very least, you should be getting invoices for any repair over a certain amount (say, $250 or whatever threshold you’re comfortable with).

Reno Scenerio Off Market Purchase Price - $185k ARV = $315-335kReno - $55-65kHolding - $10kClosing both ends - $25k= $335 , $315-$285 =$30-50k gain  As-IS Scenario Purchase - $185kSale Price on MLS :$225- $235kClosing both ends - $20kHolding - $4k= $235 - $209 =$16-$26k gainIn both scenerios I’ll be 1031ing it into a new investment.

I am about to put in an offer for a investment property in Caton OH.

we had a few left in our inventory and they each were sold to a house hacker.. great investment for a house hacker. 

Investment Info:Small multi-family (2-4 units) note investment investment.

If you are calling the licensed guy off the one single van that drives by or was referred to you..

It’s a single family house that I bought for $160k.

Very solid market, been investing there over 10 yrs and the rents continue to climb! 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

If you buy multiple properties, you can spread out your risk and avoid putting too much pressure on a single investment.