Make sure you put in your contract with the GC some performance incentives to make sure the renovation is done on a timely manner.

I ONLY carry performing debt, debt that pays me to hold it.

When you are purchasing a multifamily property, the seller will be advertising the property performs at a certain cap rate.

In the next 5 years, we can buy one property per year with 25% down (~100K), and perform the same operation of using cash-flow for paying off properties next 15 years and we will have $15K/month net-profit which hits our goal adjusted for inflation (assumed at 3%).

Background checkCredit checkPast performance.

Try to get a cashout refinance to see what the bank thinks it’s worth and how the business would perform with debt.

@Dennis Boettjer be careful about basing your decision solely on past deal performance.

After nearly 3 years of operating history, I'm concerned that the properties are not performing well enough to warrant continuation of the venture, and I'm considering selling.

Ensure your records include details of any hired help and the tasks they performed.

Here's a bit of background:I have over ten years of experience in real estate.I've bought and sold hundreds of properties in the past two years.I have six performing rental properties and aim to expand this to 50 by the end of the year.