And I agree @Alex Price that this is just one of many questions to tackle as a group starting out.

I am definitely hoping my experience will help me on the upcoming projects I'll be tackling.

Me and my lifelong best friend have decided to team up and tackle real estate investing together to make millions. 

@Brian EllisI got a good deal on this property and new it would come with headaches, just want to make sure I tackle the issue right.

I've invested in/renovated a number of single family properties in the suburbs of Philadelphia (Mainline), with values ranging from $400k-$1.3m and decided to tackle a significantly larger project 6 months ago; comps were incredible with high sale prices and very low days-on-market, it looked like a home run.The loan is under an LLC but with a personal guarantee; the renovations are complete and the house is beautiful, but the market has been unbelievably slow compared to the previous 3 years, on which our financials were based. 

That is one area I have not tackled yet.

If you haven't already, take a listen to the BP podcast - it was a huge part of my education as I started in REI and will give you so much confidence to tackle this new venture. 

It’ll be new Beast to tackle.

As long as you can show there is enough profit for you to pay the loan back and/or provide them with a cut of the return you should be good to go.The flip budget is the biggest thing to tackle because if you are off more than a little it can quickly take you from the black to the red.  

Hello Everyone,I currently attend Georgia State University as a sophomore originally from Pennsylvania, I have been interested in REI for a while now, I've been reading, studying and watching videos all summer to prep...