Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

Operating your rental like a business is mandatory to protect you, your ROI, and your property.Hope this helps...

$500 per day penalty up to $10,000 and up to 2 years in prison for willful evasion per entityNo cap on the amount of entity penaltiesCheck with your CPA, Tax Advisor or attorney on this as it is a freight train of compliance coming!

My operations manager just notified me that we did in fact fund 3 out of the 4 condominium deals you brought us.

As a limited partner, you would be able to participate in the project without being involved in the day-to-day operations, while benefiting from the potential profits upon completion.If this sounds like an opportunity you would be interested in, I would love to discuss further and provide additional details on how we can collaborate.Looking forward to connecting soon.

We work with experienced operators that have great reputations and are doing multiple deals at a time. 

Most PMs concentrate on marketing, and at least somewhat neglect operations.  

I operate 14 properties from the same checking account.

Hey Dan, renting to a sober living operator can be a great idea.

Most lenders will vary how aggressive they will get based on the experience of the operator (you), but I don't know any that will lender to someone who's never done a spec build like you're contemplating.