The 50% is rather deep a cut, especially with all the additional operational expenses not included into that 50%.

Prior to the GFC I had a pretty robust HML company with 20 plus employees doing 60 HML a month through out the mid west Rust belt and deep south by 2010 It was over like 95% of all HML we all got our butts handed to us..

New to real estate but possess a deep understanding of the responsibilities to continue to gain knowledge and remain loyal with my clients and professionally with my colleagues.  

It’s exciting to hear you’re looking to scale up into larger multifamily investments—financial independence is a fantastic goal, and it sounds like you’re taking the right steps to get there.It’s great that you’re already focused on assembling a team and diving into market analysis.

It's great that you're diving into flip!

For you 1st property, probably a good idea to start with something that's more turnkey / light cosmetic work needed before diving into full renovations.

The other option would be diving deep with a bookkeeper to have them help run more updated books than just monthly.

North Canton is a mess right now, they outsourced their building department and went way off the deep end with controls and penalties. 

Our current economic conditions are challenging for cash flow in most markets, but I wouldn't let that stop me from diving in. 

We are simply a group of almost 150 investors in RADD who have had zero returns and are looking for options to get our money back...if possible. unless there is insurance to go after or some hidden deep pockets  class action is a non starter I suspect. just looks like from we see a failed investment or at least a deeply flawed one.