Unfortunately, unless you see the underlying financials as well as supporting data for those financials, you do not know whether there actually was cash from operations to pay your distribution or not. 

My goal is to have financial freedom so I can eventually quit my 9-5 job and use my time to spend with family and do things that excite me.

As you might already know, house prices in New York are extremely high, which makes it financially difficult for me to try house hacking here at the moment.

It could be as soon as next week that I'll be back in Austin, so I wanted to see the likelihood of doing a single flip, for the first year, and what this looks like financially over time as we increase.

Alternatively if they all love the deal, that's also likely a good sign.You can get a dog of a property in a crap neighborhood that will yield a 13.6% gross cap (not saying yours is), but that certainly doesn't tell the whole financial picture of how the asset will perform.

If it doesn’t make financial sense or feels too risky, there’s no shame in passing on this one.

Prioritize your financial stability.

We were in a financial position where we could keep our existing home, upgrade, and purchase another home.

I believes that well-planned real estate investments can open the door to financial freedom and generational wealth.Welcome!

Building a strong financial plan, researching markets, assembling a reliable team, and having an exit strategy are essential steps to success.Good luck!