By the time he was 16, he had a half dozen part time employees and ads in paper to do various handyman stuff including hanging Christmas decorations, assembling ikea furniture, gardening, painting, building fences, etC.Then came the demon child.  

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

For the last 3 cities, I talked to turnkey companies whose numbers on paper looked good but decided not to go with those cities since I knew nothing about them. 

Does the 60% the condo-hotel takes include the HOA fees or utilities or replacement of furniture/repairs to the unit like plumbing or stuff like towels and sheets etc?

The only thing interesting in 2024 WC defaults is the vintage year, which is over 35% 2021-2022, meaning a lot of recent borrowers threw in the towel in short order (no pun intended).

This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.

I think flipping is the way to go on this project since it’s my first deal which has always been the plan but very grateful for some guidance. 5 weeks of tear out, wall paper removal 🙃, new electrical, deck supports, HVAC install…we start putting it back together!

IE the buyer themselves buys low end tough to manage assets because they look great on paper.

In Lehman's terms, the forecast/financial projections most syndicators wrote up in 2020, 2021, and even 2022 are not worth the paper they are written on.The good syndicators will be looking for these distressed syndicators and help leverage their capital to increase the ROI for the investors.  

We see this with MF investors as well, chasing the highest IRR%, which looks good on paper, but can end very differently on execution.