After all, I got a bank to admit that's how loans are executed proving that our note funds the alleged "loan." that was a huge victory for me.

Apparently, it was all a huge lie.

I know it can depend on the person there are definitely pros who could make huge moves with this kind of capital but what about the average person who’s been inspired by TikTok or YouTube videos?

It’s a huge time-saver and definitely takes some of the stress out of tax season.

Any GC that does not work like this is a huge Red Flag and you should run away.2) Also any experienced GC should have theur own state-legal contract that spells out terms clearly and protects both of you.

Here are some thoughts I hope help.The benefit of selling now is that as an inherited property you will likely pay no taxes because you inherit it at a stepped-up basis.I'm not a huge fan of buying a house that has lot rent.

Learned all the lessons needed on this one for sure.I am now feeling the positive pressure from the huge mistake and looking to leverage all the resources I can to make sure I do long-distance real estate investing the right way from here on out.GOAL: I plan to purchase 3-5 SFH to hopefully cashflow $2,500+ in the next 2-3 months.

@Jonathan Greene I don't mind them generally but when they raise huge amounts for syndications that go south that is another story.

That in itself is a huge red flag for me. 

If I were to finance at current rates at max LTV it would have huge negative cash flow.