And the title company does cash that check, so you can't float that until closing.

One thing you could do to prepare would be to list your property and entertain offers with contingencies that give you a floating closing date or place significant earnest money in escrow until you can find and contract your replacements.It's a sellers market so sellers aren't as likely to give you a contingency to sell your property.  

I'm 25 years old and my father has offered to float me the funds to get started.

If one of you would like to sit down and chat about how I do or analyze things, send me a BP-email, and we can even skype, facetime or zoom, whatever floats your boat.It's nice to see some people from my hood in here!

@Jonathan Cronkite My go to flooring is the vinyl strip floating floor that looks like hardwood floor.

If you refer to Gary Keller's findings in the Millionaire Real Estate Investor the average debt to equity ratio among all of the real estate investors he and Jay Papasan interviewed was somewhere between 50-60%.There are certainly investors who have all-cash portfolios and those on the other end of the spectrum who are leveraged up to their eyeballs, but according to the research done at that time the investors who would be considered "mature, established' investors tend to float around that mark. 

There were a few red flags that investors could have caught that could have prevented them from investing in this deal, those 2 things are…Fixed or Floating (And if floating…)Understanding if the rate was fixed or floating.

Example: If you invest in a BRRRR deal and the rehab goes long or over, make sure you have some exit strategies in place: 1) have the cash or loan enough to float you all the way to the refinance; 2) You could sell it; 3) Have a backup investor in place, etc...

Does anybody have a good Rule of Thumb to estimate costs of hanging sheetrock, to include Tape & Float up to but not including painting?  

I just wasn't sure if people truly held this pot of funds aside, or if they in reality just in invest it, and then pull out of investments as needed when issues come up (assuming they have the cash flow to float those kinds of costs when they arise).