Leverage your construction expertise to accurately estimate rehab costs and streamline renovations, and focus on financing strategies like hard money or private loans for your BRRRR deals.

Here’s the big question: Is property management all about profit, or should it be more of a customer-focused experience?

A syndication was way overkill because there were only 5 capital partners so they customized an operating agreement with their attorney that outlined roles and responsibilities, distributions, membership interests, etc.And you don't have to have all this stuff figured out right now; it's very customary for us to assign the contract to whatever customized entity we end up forming.Just one caveat. 

Its pros include streamlined property tracking, access to owner data, automated direct mail campaigns, and team collaboration features.

I've heard nothing but complaints from customers AND their franchise agents reegarding the quality of their 800-number service center. 

I’d suggest starting there, or if you’re comfortable with Excel or Google Sheets, customizing a simple flip analysis template yourself.Final Thought:Since this is your first flip, starting with a modest project can help you learn the ropes without risking too much capital.

Again how we balance automation and the use of AI for ops streamlining with human-centered property management is key.

We have a site through our PMS (Streamline/BizCor) that facilitates the bookings through a site. 

Additionally, consider operational costs like cleaning, staffing, and marketing, as they can quickly add up.For management, outsourcing to a professional property manager or leveraging tech platforms for bookings and operations could streamline things, especially if you plan to scale.

I'm currently working with a lender that has a $50k minimum, and his rates and customer service have been great so far.