Inside, examine the structure for water damage or cracks, test the plumbing for leaks and good water pressure, and check electrical systems and outlets.

.💡 How do you keep rehab costs under control and avoid surprise expenses?

Had older heat system that needed to be updated.

You are only in control of what you do.  

The reality is that imposing expensive and time-consuming sprinkler installation requirements will drive property owners to either scale back necessary renovations or avoid permits altogether.Currently, when owners propose substantial renovations, they are often informed that their projects will require sprinkler systems, which can cost around $45,000 for a typical three-decker.

Quote from @Blake McWilliams: I believe it's well proven that automation and systems not only help us keep our sanity but help us increase production exponentially.  

However, lately I’ve been testing an AI-powered system that autopilots real estate lead gen and deal management.In just 30 days of using this AI system for follow-ups, our response rates doubled, and we closed 3 deals.

If you're only doing a couple or so transactions per year probably ok.On the other hand, you can have more control and eliminate the need to go through a custodian for investments by the use of checkbook IRA or Solo 401k.

We're in the process of getting our systems and team in place and really starting from scratch.

@Cameron Chambliss, primarily focus on creating a system for connecting with property owners and sourcing deals rather than establishing your end buyer list.