Whoever qualifies for that probably won't need them.Yes many GPs have experienced hardship but you can see those who really care about what they are doing and those who don't.

For our ADU (garage conversion), I am handling the design/engineering and then selecting a final contractor once its permitted and ready to go. 

Your equity is $61,400 (you also paid something to renovate but I'm not sure we need to care too much about that for this example).

@Steven CatudalI'm in Birmingham and invest in Birmingham, be careful when choosing properties, the house values can change by street sometimes. 1.

Too many will tell you they can do it, but end the end can't so be careful there.   

@David OhCreating a profit-sharing program is a great way to align employee goals with the company’s success, but it’s crucial to design it carefully.

You search for existing guides, select the best and provide the link or the document to your clients.

SPOA is an organization that I support. https://www.spoa.com/ Now I am very very careful when selecting tenants. 

@Kris Lou Be careful with agents as 95%+ of them really only know how to handle owner-occupied transactions.We don't do biz in Indianapolis, so this is unbiased info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

For the few years tenants have been there the interior of their unit looked well kept, so they seem to take care of it.