Something I would be cautious of is not having an emergency fund if you invest all of your 10k.

@Jose Lampreabe You own the property and can choose to do what you want with it, I would be very cautious of a turn key company that tells you that you have to use their PM.

Some of my friends are investing on the retail/commercial side opening bars and boutique hotels and coffee shops there.. but I'd be cautious about investing in STR.

I am looking for my first flip and wanted to reach out for a little guidance.I have a deal that my overly cautious side is telling me to run away from but my "get your first deal!"

And I know everyone has all different stories but I am a very cautious person when it comes to anything & everything1)  I believe I should continue on and complete my degree to achieve a better financial position to save as much as possible together.

for the FWIW file.. auction  type deals or bank deals.. if you say cash and then show up with a loan they may not close. so one needs to be cautious about that..

Any chance you could post the agent's name on here so others can be cautious if they have dealings with this agent? 

Most of my clients use BRRRR strategy so a little cautious with potential refinance difficulties.

true.But there are many deals.Always be cautious, but don't hesitate when you've done your due dil.

If he is getting those kinds of numbers than that is awesome.Finding that kind of return in the United States is going to be tough.I would wait since you said your dad did a recent investment and see if those returns are actually paid out.Is his returns guaranteed or he is low down on the capital stack which is why he is guaranteed a stronger return for being paid out LAST.If your dad had been getting this return for years then you could measure track record and stability and make a more informed decision.Just be cautious.