We do all phases of the operation through. buy, rehab, rent, repairs, bookkeeping, tax preparation, etc.

And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.

One other possibility to prepare for is that the court may ask the two of you to meet with a mediator prior to the judge hearing the case.

Nobody ever tests for lead-based paint in homes built before 1978, because once you test you have to disclose.

For me, I’ve been testing a few different methods recently, but I’m always looking for new ideas to take my wholesaling game to the next level. 

I do an AI for REI seminar and just discovered a new tool I'll likely test out soon. 

However, it’s important to price competitively and be prepared for buyers to request concessions.

And as investors we should know this, but always anticipate higher costs and longer waits.EXAMPLE Breakdown of Costs:Plan Purchase: $1,500Permitting Fees: $2,500-7,500Site Preparation (grading, utilities, foundation): $20,000–$30,000ADUs require separate utility connections for water, electricity, and sewer but you can tap into existing utilities at the primary houseIn Raleigh you CANNOT split lots fee simple, so setting up completely separate utilities would not allow you to section off the ADU as of nowYour ADU must be on a permanent foundation (no wheels, no ability to move the structure)Construction (labor and materials): $100,000–$150,000Low-grade: $150–$180/sq ft averageMid-grade: $180–$220/sq ft averageHigh-end: $220–$250/sq ft averageLandscaping/Finishing Touches: $5,000Total Estimated Cost: $125,000–$200,000You could easily spend $200k+ with super end high finishes, custom designs, complicated sitework, adding a second story or more sqft, etc.

You can get these under your belt for $6-10k, and we're talking about reading 4-10 books, being tested, interacting, and meeting new people.

Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.