You could wait tables for one shift and earn twice as much without any of the risk.

Table below is the sample used to explain the cap rate increase in one year or 5 years.First year is straight forward. 

I am in Atlanta (OTP east) and when you check out areas like Stone Mountain and by the beltline on the west side, they are relatively gross.

learn to manage that and in a few years you will come out stronger.if you are unemployed for a long period of time and have mountains of debt, you should consider bankruptcy, you can file it yourself.

You typically will need to come to the table with 25% of the projects costs and can borrow the other 75% from a hard money lender. 

I've been at this game for a while now, and I'm looking to start to build my portfolio as well as leave less money on the table by doing some fix & flip deals myself.Anyway, that's about it.

While Texas is a non-disclosure state, the appraisal districts are pretty good about capturing values off deeds of trust, etc so expect that number to be higher after the sale unless you bring a lot of cash to the table. 

In that unfortunately (but potential) situation, you end up having to bring in another contractor (who will get paid), and then still have an equity obligation to your friend.In my experience, partnering with a contractor who brings nothing to the table other than their contracting skills is a situation where the investor has a whole lot to lose and not a lot to gain.

A) You can generally make the calls on your schedule, meaning evenings and weekends are on the table, and B) it gets you experienced with talking to sellers.

Got to shout out for the Santa Cruz Mountains here if you are ready for a different kind of adventure.