However, getting from simple Phase I/II due diligence to developing a remedial plan can be a large and complex process and costs would have a wide range until more is known.

I would think it'd be pretty simple to calculate his actual rent income based on the properties current conditions and explain that at best, the tenants in place stay for years to come, he continues doing the bare minimum, and his highest predicted income is x dollars, barring any emergency spending to keep the tenants happy.

I learned about curb appear when flipping...Front door, mailbox, address plate, simple clean landscaping...a cheap investment to get a good return.

The funds may feel safe, but they are likely not as safe as doing your own work.My fictional, perfect fund would have characteristics like the following: - Double digit simple interest yield.- Uses no or very, very little fund leverage (LOC for less than 20% of fund equity)- Lends in one specific location/region that fund managers have deep operational experience in and which has speedy foreclosure laws. - Multiple unrelated fund mangers with deep experience (so one can't get hit by a bus)- Lends at conservative LTVs, stage-gates release of funds based on project milestones.- All loans are in first position, with senior rights.- Lends only to experienced borrowers- Has good liquidity - 1 year lockup or lessThe problem is that no fund meets all of these criteria.

Ultimately it is going to boil down to personal preference and what types of rentals you have (As well as how many).DoorLoopStessaLandlord StudioRent ManagerAnd of course the tried and true - QuickBooksAny of these will work for simple accounting/bookkeeping but some will excel depending on if you have short term rentals vs long or a lot of properties.

Simple ingredients.

What is real property vs real estate, deed, simple fee or allodial interest in real property and how are homeowners having the wool pulled over their eyes.

I advise clients NOT to buy empty lots, even ones right next to their properties and even if you're only paying a couple hundred bucks.The logic is pretty simple.

Your mentor has needs; try to meet them and develop a mutually beneficial relationship.A mentor can benefit your growth, but it's not as simple as one post on a forum full of strangers.

Example:$2,000,000 gain after basis at 20% across the board to keep it simple