It can really look good on paper and in my case being a couple of years down the road, it may not really work out how you envisioned when the property was first acquired especially in a lower-tier neighborhood.

I haven't done a flip in the Bay Area or out of state (attempted offers but they didn't work out OOS).

You could work out a "family trust" or another legal structure where you manage the property, get the cash flow, but maintain the rate.

But everything else should be left to adults to work out and for market forces to decide.

Now theyre seeing much less and it looks to be coming in this year around 220k to 240k depending on the final few months and bookings.That being said, those numbers still work out really well. 

@Jim PfeiferI think those of us that have made the mistake see the importance of a good sponsor, but also taking into consideration our investor goals.Passive investors NEED to learn the business of investing in real estate, and have to approach it as if they would be managing the deal themselves actively.That means there needs to be work done on the front end, like underwriting, selecting a market, understanding buy right criteria, etc.You can't just focus on a good sponsor, and pray things work out.  

There are a lot of interesting opportunities, but also a lot of kinks to work out.

There was a podcast episode that discussed having an income to fall back on in case things don’t work out (there will be some Ls along the way — all part of the journey.) 

I’m new to BP so I’m looking forward to seeing how their contractor matching services work out.

And if that doesn't work out, I think that creating passive income and having properties that will continue to acrrue value is very appealing.