With regard to renovations, I always suggest taking incremental steps to bigger renovations or partnering with someone who has already done a renovation at that level.I've been known to just go for the big rehabs for my personal investments here in Chicago , and during that process, it's always more stressful than it needs to be...As far as navigating the competition, I've found the best thing I can do is get EXTREMELY CLEAR  on what I am looking for; then I am confident pulling the trigger quicky. 

We did a couple recent ones that were on market, fixed them up and got them to market after the remodel with a profit.

Eventually you would exit (sell) and that would have more equity to make a profit after the cash flow losses or the investment generates positive cash flow in year 2,3,4 etc.

Basically just putting a step in the middle of a disallowed transaction that is really only there with no actual profit/business/clean motive except tax avoidance...is not valid. 

Whether rates drop soon or remain elevated, timing the market correctly can be the key to securing profitable deals.For those waiting on rate relief, now is the time to identify opportunities before competition increases.

Normally a lot of people will just flip a property and split the profits 50/50 but even tasks can be split.

I think KCMO is considered a landlord-friendly location.A professional property manager can significantly improve an investor's life by streamlining operations, maximizing profitability, and reducing stress.

Generally all months other than Sep-Nov are profitable. 

You can be the money partner, and the other partner can manage the operations and then you can both split the profit. 

@Ajay Sharma can be quite profitable but can also be a lot of work.