I'm in a final round with a company but steady income has not been secured yet so if I could at least cash flow that would really help me stay afloat for the time being.Obviously I could market the unit as-is and potentially rent to someone but won't likely be able to rent to a section 8 tenant which I was hoping for down the line.I was considering starting off with 3-month leases with auto renew and I have been VERY clear with him that if he is unwilling to pay on time that I still am treating this as a business and am not afraid to evict him.

Hope to hear more advice or insight. 

The power of compounding in real estate is real - yet most professionals don't understand how powerful it really can be even though they talk about generating wealth.The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.

Infiltration (air leaks) will lose more heat than bad insulation.

I hope that helps. 

He is very busy and cannot handle more work at the moment so he told me he wants to be my silent partner and split the profits 50/50 or the loss (hopefully no losses) 

Hope this helps!

I’ve flipped in the dc area for years, right now there is just money & in the vast majority of cases there is high likelihood of losing money, right now the best investments in the area imo are buy & hold, I’ve even gone full circle and while I really liked value add for most of the last decade I think in a lot of ways new construction especially in more affordable markets (I’m personally a big fan of the eastern shore market) is a much better way to make money long term than flipping and brrring while I know they are sexy & certainly you getting a huge paycheck is great, there just isn’t any money in it right now, especially in nova. 

Hopefully rates start coming down later this year, but just finding a building that is priced to cash flow can be difficult today.1,392 units?  

We are/were hoping to put a $60-70k down payment on a higher-end 'A' new build property with Rent to Retirement as I really like their business model/community, rather than a smaller down payment on a refurbished property in a 'C' area.