"Value add multifamily" is a cute term, but it will be an absolute bear of a project that will evaporate cash if you don't know what you are doing...and perhaps even if you do know what you are doing.

I have a 5-year-old, so here goes:Wholesaling is like finding toys that other kids don’t want anymore, showing someone else where to get those toys, and then asking for a finder’s fee in gummy bears.

I would think transient room mates on renewable short leases would be much safer than bearing the brunt of San Francisco's LTR tenant laws.

Obviously, each bears certain risks, and usually the agent would advise on these topics in the beginning.

In that case you do bear the responsibility when said supplier turns out to be a fraud dont you think?

Your cleaner's income has no bearing on yours.

took down 6 walls including a load bearing wall. 

When calculating your return, bear in mind you'll most likely have to pay 100% in cash to make it work.

That will be a determining factor for where it makes sense for you to purchase.Regarding waiting - bear in mind a lot of people were predicting rates in 2024 would be in 5% range or low 6s, which didn't turn out to be the case.

(most hard money loans require 10-15% down depending on the split between purchase price and rehab). but that is both (1) risky and (2) expensive, as you're paying interest every month on 100% of the borrowed funds. private money is fine, you're just bearing a lot of risk and also involving the relationship in your very first deal.