For example, recently we got a 4 because 'our closet was two small' and pool maintenance came at 1 pm. 

Hi BiggerPockets Community,I've got 200,000 earmarked for investment, and I'm looking to dive into the BRRRR, or the Fix and Flip strategies, My focus is rather on a few smaller properties in upstate New York—think Orange, Sullivan, Delaware, Ulster counties, and the scenic Borscht Belt,Any tips or recommendations?

Pro tip: walk through some turnkey properties and establish for yourself, What is a good renovation and what is a bad renovation and see if you and your partner agree.Being on the same page with your partner is extremely important to the success of your business and partnership.

However, I also recognize the value of seeking advice and perspectives from others who may have more experience or different insights to offer.I'm particularly interested in hearing from individuals who have experience with waterfront properties, investments in the Central Florida region, or any insights on factors that contribute to property appreciation and long-term value.Additionally, if anyone has tips on structuring partnerships or attracting potential investors for such opportunities, I would greatly appreciate your input.Please feel free to share your thoughts, experiences, or any advice you may have.

You really really have to have boots on the ground that are familiar with the area and that tenant pool.

Any tips or guidance on what I should watch out for ?

Having done the barest of research, we've looked into the idea of pooling our money to try and buy a multifamily for my wife and I, my dad, and the two friends, as the two friends also want to stop renting and to start owning, even if it is part of a multifamily/apartment building.

Also, if the groups that you are investing with offer any type of tiered structure, are you typically pooling enough capital to fall into a higher tier?  

- Investing with a Friend: Tips on structuring partnership and legal/financial considerations?

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