But you don't qualify for material participation if you are a passive investor in a syndication.  

Just wondering if there are good internet guides out there to help new investors understand steps in renovations and lay out scopes of work and materials needed so we don't miss anything?  

Shortages of construction labor and material will also have a major impact upon pricing. 

This being said, that would justify only a reasonable price increase caused by the cost of materials.

@Jonathan Greene we've been promoting this tactic for over 15 years:)

Plus you’re optimizing for materials cost by reusing and buying some used stuff. 

Its all about quality leads, not the tool.This analogy is similar here;   a really good contractor can give a better rsult with crapy materials vs a crapy contractor with top materials

Hi Syman, BRRRR Invest Academy is not affiliated with Bigger Pockets and I don't believe anyone owns the rights to BRRRR acronym, but I think Brandon Turner made it famous.I'm in the program and the gold mine is in the network of other investors and the constant action from Nate and Jiries to continue teaching beyond what is in the course material. 

Quote from @Luis Maza: Hi all, returning to the game this year and would like to pick your brain a bit, we started working with a wholesaler that will send us properties here and there with the "wholesale" price, but every time we check the properties and add the numbers, the margins are, well, I am not sure, too low perhaps, maybe we are getting to picky, but this is my dilemma for example...Today we got a property, wholesale price 300K, rehab about 50-60K, ARV is about 440k, but with the cost of hard money, we have about 100k cash, hard money interest at 11%, keeping the property for 90 days while we finish the rehab, closing costs,  commissions, we ended with 30k profit before taxes, while it sounds appealing, adding up all expenses and cost we ended up expending 50K on rehab(labor/materials) and about 50-60K with cost of the loan, interest, commissions, etc, everyone makes money, happy with that, but it seems that we are working to produce a 100k for everyone else, while we make 20-30k if everything goes well...In my opinion, we are not really getting "wholesale" price, it seems that we either buying to expensive, rehabs are much more than we would like to spend and the cost of borrowing that money is too high...We came up with thoughts as: lets fund it ourselves with money from a close friend/partner that we will bring in, and that would save us 10-15k here and there, but still, is that the norm now?

I had to reach a low point of realizing that my life/potential was going to be wasted pursuing a paycheck and promotions.