Building a strong local team is crucial too. The

it shortens the overall payoff schedule, but only many years down the road, right?

A negative review from a tenant could be a positive review for an owner.Networking: Use forums like BiggerPockets for recommendations, but conduct thorough research yourself.Initial ScreeningNarrow your list to 5-10 candidates by reviewing their websites and scheduling Zoom interviews.

Have contracts that provide working days per task and include the overall construction schedule.

Tasks like furnishing, cleaning, and setup count, but education & research hours are generally disallowed.Bonus depreciation is 60% for 2024 and scheduled to drop to 40% in 2025 unless legislation changes.

I have also seen leases with weekly collection schedules.

There are some I know that do have their GC license that flip too. The

Essentially, you have to spend your own money and complete work on the property prior to reimbursing yourself out of the escrowed rehab budget.The draw process typically takes 5-7 days from initial request, to scheduling an inspection, and finally for the lender to wire those funds to you after your work is confirmed by the inspector.

From signing the initial agreement to finalizing the project, they maintained a high level of professionalism and kept me informed with regular updates.The deal was backed by a Joint Venture Agreement and Promissory Note, and they delivered the expected returns on schedule, with no issues along the way.If you’re considering partnering with 51 West Properties, they’ve proven to be reliable and trustworthy.

I setup my entities and it takes between 15-30 minutes to do the online applications.Ohio Domestic Business Entities Fee Schedulehttps://www.ohiosos.gov/businesses/filing-forms--fee-schedul...Ohio Foreign Business Entity Fee Schedulehttps://www.ohiosos.gov/businesses/filing-forms--fee-schedul...Looks like it is an initial $99 fee either way.