I don't have the ability to bake cookies and run them over.

.#2 - Learn how to run comps so you know the value of the property better than anyone. #3 - Have finances in order (i.e) is this going to be bought through conventional, cash, HML, etc.

When running your numbers, if purchasing a home that isn't new construction and less than $1MM, I would estimate 1% - 1.2% of the purchase price as your annual insurance premium. 

I might run that by them and see if they might want to go that route.

Typically, I run a current income/expense column next to a ProForma column to show potential value add opporunties.I agree with @Robert. 

Over the last year, I've developed a passion for real estate and want to be able to use it to generate income and secure financial freedom in the long run.

However I believe it’s great to have two independent sets of eyes (in addition to your own) on the books to make sure everything is accounted for and running smoothly.

Sharma, From my perspective I prefer to run my own fix and flips.

You may run a company but you are not investing in real estate as you don’t own anything.

@Steve Meyers I’ve been running this with some success with a local cincinnati agent on 2+ units and nationally with a commercial broker for shopping centers.