I also make sure we get on the same page by writing down our roles, responsibilities, and even how we’ll handle potential challenges or surprises.

A lot of your other mid-sized cities have similar risk profiles (dominated by a single industry or a handful of companies). 

The walkthrough can play a critical role in determining compensation.

These factors can play a huge role in making a property profitable in the long run.

It plays a crucial role in maintaining the value of your property, maximizing your income, and ensuring a hassle-free real estate investment experience.

You'll experience more in a shorter amount of time vs. starting off on your own.Aside from the team, I'd also recommend joining agent communities especially those that have virtual meetings to role play, accountability, discuss marketing tips, etc.

Good morning John, Thank you for Having me and welcoming me.I have been studying those strategies and i love to work in Buy and hold, and short term rentalsRight now i am starting out and dont have the cash to fund my own investment so am currently looking for partnership, taking a role in property management or sweat Equity until i have a foot on the groundI Would love to here your thoughts and advices you have for meThank you for replying, means alot 

After the sale of the company, we have:9-15 months of personal expenses in savings to live off ofStart with $100k cash and do micro flips to avoid the risk of a hard money lender and losing our tail if something doesn't go right or sell quick enoughOnce the house sells, reinvest all the cash back into the next flip and continue doing this until we are doing multiple flips at a time (he can manage 4 large projects at a time by himself, so we assume up to 4 active flips at a time eventually)Pros of doing this:No longer having to manage W2 employees/operations (this used to be my role but now that we have kids I want to stay home, not do this)Getting a larger chunk of cash to start flipping quicker vs waiting 1+ years to save enough cash for the first flipUsing cash reduces our risk of losing money with a hard money lender if the project takes longer to sell, rehab, etc.

The cost of living and cost of replacing are getting harder with more extreme events.Cost of electricity and cost + availability of water will also start to play even larger roles than they do today, especially in hotter states.

You can become apart of the GP role, but you MUST also have an active role in the deal.