.; agent, broker, property managers, carpenters, roofers, electricians, plumbers, groundskeepers, and a CPA proficient in MF real estate...and those are just the folks I can think of off the top of my head!). 

That is all but never talked about, the burn-rate of $cash$ to run a proficient lead-machine, in generation, filtration, storage, development, conversion.

Hey everyone, 
I have a question, partially legal (won't hold you to forum "advice"), about the setup of a partnership on a deal. It's mostly pertaining to the active/passive framework of a General Partner who's cont...

Purchase/Rehab & Cost of HMLA =  Asking Price + Cost of RehabB = % of AP/Rehab HMLC = HMLD = Cash neededE = Point %F = Points $G = Interest Rate %H = Interest/MonthI - # Months for RehabJ = Total Interest CostK - Total Cost HMLL = TOTAL COST Purchase & REHABFORMULAS:  A * B = C; A - C = D;  C * E = F; C * G = H; I * H = J; C + F + J = K;  K + D = LREFINANCE COSTM = After Repair Value (ARV)N = % ARV Maximum Refi LoanO = Max Loan $$P = Int % on LoanQ = Term (Years)R = Monthly Pmt (use any free online amortization calculator for this number)S = 6 months of pmts for HMLT = TOTAL COST RefinanceFORMULAS:  M * N = O;  6 * H = S;  S + REFI Closing Costs = T  Analysis of CostU = Additional Cash NeededV = Cost of Refi Closing %W = Cost of Refi Closing $$X = Total Cost to Buy/Rehab/FinanceY = Net Cost to LoanZ = Positive deal or Negative dealFORMULAS: U + K + W + T = XO - X = YIf "X" > 0, Z = Positive Deal; if "X" < 0, Z = Negative DealThen analyze the cash flow separately This is why I stress the two most important books every REI should go back and read, and be highly proficient in, is Geometry and Algebra. 

You need to be patient with the process, diligent about your marketing, proficient with sales calls, knowledgable about your sub-market, and be ready for a LOT of rejection.Only sharing all that to say that you're on the right track, but don't expect it to be easy.

That experience taught me I had to be more proficient in the inspections myself.

And I started chasing volume, because I realiced thats the only way to mastery.7 deals per year is national average, you should not practice without a mentor if you do less than 12. 25 is proficient, 50+ is excellent.

Being that I don't have any experience other than the reading and practice evaluations I've done, I would say that my interests in Real Estate Investing would be: WholesalingFlippingBuy and HoldBRRRRRaw Land And eventually (when I have the proficiency and access to capital) Multi-family Rentals and...Multi-family DevelopmentI would love the opportunity to speak with someone in the area and discuss the properties I've evaluated, as well as discuss Real Estate Investing, in general. 

Most agents in the industry today have never seen a market where listings took more than a week to sell. 25 deals per year is the minimum to be proficient, anything less is a part time amateur.

CPAs are required to be nominally proficient in basic business law, such as reading and interpreting contracts and understanding (not necessarily performing) entity formation.