The biggest mistake new investors make is to walk a property, maybe explain in general terms what they want and then let the contractor come up with the SoW.For a bedroom this could be:- replace carpet- repair closet dooror- remove carpet- remove curtains, nails and screws- replace closet doors, entry door SKU#- replace window SKU#- refinish hardwood floors 144 sqft, clear/oil-based- prep and paint all woodwork- patch walls, texture, paint walls eggshell white clay, ceiling flat white- replace light fixture SKU#, replace lightswitch w decora/white, replace 3 outlets&covers- install blinds SKU#Obviously, the cost would be quite different.

During renovation: getting a wireless solar cellular camera with motion sensors, night vision and lighting or post Renovation a Ring and or simplisafe system while your project is on the market.

An LLC is a smart move for individuals looking to protect themselves, grow their business in a professional light, and operate as a corporation. 

Hi,I spoke with a multifamily seller recently, and he told me that he was involved in a class action lawsuit with Pace Morby with the nature of it seemingly around the Sub-to deals he structures.

I think the easiest way to scale for you would be to start with a turnkey single-family or a light value-add BRRRR in a good market. 

I would caution on comparing these returns to the S&P 500.Real estate has been pretty much flat the last 2-3 years while the S&P has been on a great run.It's human nature to sell the lows and buy the tops.

I carry a very small, very light 8 shot 22 caliber revolver everywhere that's legal.

Prefer light renovations/updates, and ability to force equity with opportunity to add ADU(s). 

i have a great property i could send you that i found has many great qualities its a cozy modern home with workshop and detached garage price is close to half a million but could very possible to change the sellers mind for your price range seeing as it needs renovations not many but still need them this property is in washington state but the area is good for selling seeing as a majority is rich and looking for nature vacation getaways right by a beutiful lake and mountain contact me if you would like to find out more i will have to note if you consider and take the property i do require a finders fee of a minimum of 500 depending on the deal 

Navigating NYC's zoning regulations can be complex @Jon Pflueger, especially in M1-2 districts, which are primarily designated for light manufacturing and commercial uses.