I live in California and I own three rentals free and clear.

Quote from @Cameron Fowler: Hey BP Community,I am wanting to get into flipping and I have the construction experience but am lacking the cash or money to fund a deal.

I've been living in my current house hack for ~1.5, and I placed my tenants in September 2023 (lease is up at the end of August).

Hey Barbara, I have a property manager I can recommend for the LAIC service.

Mortgage Balance: $430,000 Monthly Mortgage Payment: $3,100 Current Rent: $4,100/month (below market rate, planning to gradually adjust it during yearly renewal to eventually catch up to the market rate) Appraised Value: $900,000 (purchased for $657,000 8 yrs ago) Managed by a property manager Loan assumableProperty B: Located in VA.

Your total project cost is only ~ $143k. 3c) Your interest rate is probably going to be in the low to mid 7s, at least4) All states/areas are different, but I usually see with my CFO clients that their property taxes are higher than their insurance, with taxes often 1.5x higher than insurance.5) Lastly, I saw PM fee of 8%, are you paying someone else to manage this?

Quote from @Bethany S Labrinos: Hi BP Community,My husband and I have been preparing to begin our real estate investment journey, and we could use some insight. 

Their previous company Amplify My Business has the same horrible reviews and scam so they closed down and started the new scam called Launch Your Leads managed by Matt and Tom Mclleland.

Although things will change this year, between HELOCs, 1031 Exchanges, and a Business Partnership, I'm up to 15 doors (including my personal residence) and I haven't done a down payment since 2015.

If his landlord reference for the past five years is good, that would weigh much heavier than his eviction.Based on what you've shared, I think this is a low-risk situation, and I would probably accept them with a deposit equal to one month of rent.