Although we try to limit our Hard Money as much as possible due to the cost.

Read this: https://www.irs.gov/businesses/small-businesses-self-employe...Second, compensation is always issued to the person working.

Hi Eric,Great question—estimating operating expenses can definitely be tricky, especially for items like maintenance, CapEx, and make-ready costs that vary widely between properties.

A good REI bookkeeper will help keep everything neat and tidy throughout the year so you can make educated decisions in your business, potentially creating more profit and less headaches.

Nope I do not intend to do any business of the lending variety in Vegas I only do joint ventures there. 

Understand that the cost to the investor is only the cash that's out of pocket. 

Make it part of your business model and focus on scaling vs managing.

Definitely a bad way to do business. 

Are they going to be able to buy your proudly done flip.3) If you misjudge the market, do you know when to dump it.4) Can you put a spreadsheet together on your purchase costs, carrying costs, rehab costs, closing costs, selling costs, tax costs, contractors that don't show and delay your project etc. etc. etc.5) Is the return worth the risk.

That’s how the wealthy do it with real estate or businesses.