What was the largest fear you had starting out?

Rehab costs, holding costs, and the ARV will be the largest cash eaters or cash producers with this deal.If you underestimated the rehab (both costs and time) and overestimated the ARV, you could be underwater very quickly. 

@Shaun Hunt believe what you really want to do is start a "Master LLC" that can function as a PMC.You would then sign management agreements between Master/PMC & property LLC's and have all income & expenses run through Master/PMC LLC, and only have to "settle up" annually with the property LLC(s).Check with a qualified tax professional.

If your purchase price (always the largest expense) plus the rehab estimate (the second largest) total no more than 70% of the ARV, the remaining 30% must cover your HML charges, agent commission, property and hazard insurance, property taxes, title insurance, escrow, staging, all else, and your profit.

Speaking with one of our attorneys she mentioned the largest area of defaults she has seen is in SS space as it got over saturated in some markets and rent appreciation has not been as advertised.

We also do a walk through, set expectations for maintenance, filters, lawn, garbage and go over the function of GFCI's, shut off locations (water, power, gas).

Law is how we function as a society.

Lot split by far has largest upside, but it is also the most work with the highest cost.  

Lack of capital is my largest blocker to entering the real estate market right now, so less than 20% is appealing.

My name is Josh, founder and CEO of Direct2Deals.I wanted to provide some clarity on this thread because I know there’s a bit of speculation.Direct2Deals has been in business for over 2 years and is growing into one of the largest lead generation companies in the space with over 150+ active partners.We had one client Steve, initially post on this thread about the dissatisfaction about our service.