Obviously it's market-dependent, but I'm curious about this community's wishlist.

Hey @Dan Stelmach - Welcome to the Chicago BiggerPockets community and congrats on the condo purchase! 

@Austin Carr - After you attend Charles's underwriting session I'm sure there would be folks in the community that would be able to provide you some feedback on your analysis.

.- Market Knowledge: Local real estate companies like RE/MAX Select, with their 18 full-time agents, indicate a strong local real estate community that could provide valuable market insights.In conclusion, Shelby's real estate market shows potential for investment, particularly given its price growth and strategic location.

Ever since joining this community over 10 years ago I have truly been passionate about real estate investing and helping teach others about financial independence. 

I'd like to thank Brandon Turner for his successful efforts in establishing a community for would-be and aspiring real estate investors.

Hi Wonderful BP Community, I am in the process of acquiring an out of state property for mid term rental.

Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?

Quote from @William Harvey: Hello BP community,For house flippers doing consistent deals, what tool(s) do you use for accounting?

Hello BP Community,I am looking at  a turnkey property in the DFW area.