I would start your multifamily investment journey now.Thanks for your response, Charles.

To protect both parties in your partnership on a BRRRR strategy, you’ll need a **Partnership Agreement** outlining contributions, roles, and profit-sharing, a **Rehabilitation Agreement** detailing rehab work, costs, and responsibilities, and a **Loan and Refinance Agreement** specifying the terms for repaying rehab costs post-refinance.

Then I usually update the financials I keep on hand to align with it accordingly.I'm a CPA but I don't even file my own taxes so please take my response with a grain of salt. 

Hi Jonathan, I truly value your response.

Keep rent a little bit below market and keep the property maintained and you can get great responsible tenants. 

They'll provide crucial information, including the total amount you need to reinvest.

Moreover, contamination from gas stations can migrate considerable distances and an owner could be responsible for remediating the plume even if was not the party responsible for the original spill.

If it says they don’t have to provide anything then that’s the agreementTypically agreements require at a minimum annual updatesThe good ones do monthly or quarterly depending on offering type So an update was provided - finally- but it still excluded crucial information the investors should have been updated about (in my opinion) considering there was a significant change made in the project that they are unaware of.

Empower and Trust Team Members Delegate Effectively: Instead of micromanaging, strong leaders delegate tasks and responsibilities based on team members’ strengths, allowing individuals to take ownership.

This update is crucial to ensure lenders recognize the increased value of my property, especially since I have equity in the home and am looking to refinance at an opportune time.Is it necessary to hire a licensed general contractor for this type of project?