You will need $20k in startup costs plus you should invest atleast $50k in your syndication and have a track record to show investors what you have for experience With all due respect Chris, this is where partnering with someone who is experienced can pay dividends (literally).

They literally wrote the book on midterm rentals and cover how to analyze markets.

Quote from @Piper Pepperidge: Looking to do my first flip, was originally looking at baltimore, but it looks like it's moving towards a buyer's market and inventory is very high so I'm looking for other hot neighbors with low inventory.ThanksHottest markets are inner ring dc suburbs, moco, nova, even Howard and Frederick, I can tell though if you are a 1st time flipper you will lose money, I’ve been doing this for nearly a decade and I cannot hit my numbers, I met with a flipper a few weeks doing 12 a month, has his own crews, buys off market, literally a full time business, even he is struggling , it’s a bad time to flip right now tbh. 

You were literally paying to play PM by not increasing the rent.

I had a tenant who paid late every single month, like she’d usually give me half early in the month, and the other half after like the 20th, I literally didn’t care, she never missed a payment (she did abandoned here dog in my garage after she moved, but that’s a whole different story) but as long as you are getting paid in full every month you should be happy lol. 

I literally had to put both tenants in a nearby hotel for a week.

If you're not from a market and have no experience, you should keep your opinion to yourself instead of recommending to a NEW flipper to get started in literal C and D neighborhoods.

In this case I had the best mail piece, I was the best negotiator, I had the best terms, etc, because I was literally the only other investor involved.

If you have little equity and get sued, it isn't worth them taking the house from you, but if you pay down that mortgage you literally have your ASSets hanging out!

This data will have uniformed/new people buying terrible properties which could literally destroy them financially.